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  • Assessment of Internal Control

    Special expertise in developing internal practices

Assessment of Internal Control

We offer analysis and assessment services related to internal control for government agencies, state institutions, municipalities and joint municipal authorities.

Our expertise covers:

  • Analysis and assessment of internal control
  • Assistance with preparing declarations of assessment and assurance required from government agencies and state institutions
  • Assistance with preparing municipal reports on the organisation of internal control and risk management
  • Development of internal control
  • Development of assessment methods and frameworks.


Declarations of assessment and assurance

Annual reports included in the financial statements of government agencies and state institutions must contain an assessment of the appropriateness and sufficiency of internal control and the related risk management, along with a statement on the status of internal control and its key development needs. This assessment is known as a declaration of assessment and assurance on internal control.

Providing an appropriate declaration of assessment and assurance requires well-functioning internal control and risk management. However, risk management needs further development in many agencies and institutions. Through systematic development over the long term, risk management can be integrated into normal planning and management at an agency or institution.

Our experts have developed assessment methods for several clients. We can also provide assistance with building an assessment framework and other assessment and risk management methods and integrating them into day-to-day routines at a governmental agency in such a way that they do not increase the workload.

Developing risk management in government agencies and state institutions to meet the related requirements is challenging. Using the assistance of a specialist with in-depth expertise in special issues in risk assessment and management brings certainty and helps the organisation develop more systematic internal practices. 

 

Municipal report on the organisation of internal control and risk management

The reformed Local Government Act requires municipalities and joint municipal authorities to focus more closely on issues related to corporate governance, control and risk management in local authority corporations. The annual reports of municipal boards must include a report on the organisation of internal control and risk management.

The legal reform requires municipalities and joint municipal authorities – and municipal corporations to some extent – to systematically organise and report on their internal control, risk management and corporate control.  The amendments further specify the duties and responsibilities of the municipal board, municipal management board and senior officials, among other parties. 

The changes in legislation increase the need for practical tools and solutions that can be used to integrate risk management into the day-to-day operations of municipal organisations. An external expert can help organisations further develop their internal practices and integrate risk management into their routines.