Executives constantly seek better ways to better control their enterprises while achieve mission-critical business objectives. Sirius Solutions assists management in developing and implementing a framework of internal controls to ensure the effectiveness and efficiency of operations, the reliability of financial reporting, and compliance with applicable laws and regulations.

Sirius Solutions can also assist organizations in assessing the effectiveness of their existing internal controls framework by helping to design and implement an enterprise-wide evaluation of risk and control. This self-assessment framework produces a more balanced risk and control posture.

An effective internal control assessment leads to the following improvements:

• Greater use of automated or system-based controls
• Better evaluation of process risks and mitigation of risk
• More uniform controls throughout the organization
• Greater responsibility for controls assessment by the process owners
• Reduction of external costs

Sirius Solutions’ control assessment procedures can also be used to identify nonessential tasks and determine best practices within each business process:

• Comparing controls between different business units, or within a company’s operations in different countries
• Reducing error risk by deploying technology based methodologies
• Using key performance indicators to gauge the effectiveness of a process across a span of risks and time periods
• Getting feedback from control procedures on a worldwide basis, which can lead to better reporting capabilities