Development and implementation of internal control systems.
Internal controls are the backbone of effective management and governance. They help safeguard assets, ensure accuracy of records, promote operational efficiency, and ensure adherence to policies and regulations. Pratik Janrao & Associates assists organizations in designing and implementing tailored internal control systems suited to their size, structure, and industry requirements.
Scope of Services
Control Framework Design
Identification of risks across business processes.
Development of policies, procedures, and control mechanisms.
Implementation of Controls
Integration of controls into day-to-day operations.
Establishment of approval systems, authorization limits, and segregation of duties.
Monitoring and Review
Periodic testing of control effectiveness.
Recommendations for improvements and corrective actions.
Technology Integration
Support in implementing IT-based controls for data accuracy and security.
Alignment of system controls with business processes.
Objectives
To provide a structured system for risk identification and mitigation.
To improve accountability and transparency in operations.
To strengthen compliance with internal policies and external regulations.
To support reliable financial and operational reporting.
Our Approach
The process begins with an assessment of existing controls and identification of areas requiring improvement. Pratik Janrao & Associates then designs a customized framework aligned with the client’s objectives. Implementation is followed by monitoring and training to ensure adoption across all levels of the organization. The approach emphasizes practicality, scalability, and long-term sustainability of the control environment.
