OUR SERVICES

Internal Control Services

Internal controls advisory includes assessment of control design and operating effectiveness, establishment of an internal control function, improvements to control processes and reporting. The objective is to support reliable financial reporting, operational efficiency, asset protection and regulatory compliance. Our principal services include:

Design and Implementation of
Internal Control Systems; Assessment of Internal Control Effectiveness
and Efficiency; Control Self-Assessment (CSA)

DESIGN AND IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS

Effective internal controls must be designed for the organisation's objectives and specific circumstances, taking account of industry, governance arrangements, processes, risks and control needs. Our implementation approach includes defining the

control environment and strategy; clarifying responsibilities
of the board, management and key
functions; drafting policies and procedures; preparing
risk and control
matrices; selecting risk responses and control
activities; determining control
frequency; documenting controls;
establishing continuous monitoring and auditing;
providing employee training; and implementing reporting
and communication channels.

ASSESSMENT OF INTERNAL CONTROL EFFECTIVENESS & EFFICIENCY

We assess internal control effectiveness and efficiency in

three stages. First, we review control design against defined risks, segregation of duties, ownership, frequency, documented procedures and the balance between control effort and benefit. Second, we evaluate operating effectiveness
by testing whether controls were performed on time, supported by suitable evidence and reported through established channels. Third, we benchmark the control
framework against relevant industry practices and national and international standards, identify improvements and develop an action plan.

CONTROL SELF-ASSESSMENT (CSA) ADVISORY

Control Self-Assessment (CSA) is a structured process through which an organisation evaluates its own controls, procedures and business processes. Typically conducted annually under our coordination, it involves employees and management reviewing the performance of controls, including cross-reviews by colleagues who did

not perform the original activity. CSA identifies strengths, control gaps and improvement opportunities, while encouraging wider ownership of internal control and awareness across the organisation.

Why Loba Partners?

Our professionals bring extensive tax audit experience from public institutions, the private sector and international organisations, combining sworn financial advisory expertise with internationally certified internal audit capabilities.For us, advisory is not an ancillary activity; it is at the heart of what we do.