Watch · Video
Risk18 July 20261 min
Five questions every manager should ask about internal controls
You do not need to be an auditor to judge whether your controls work. These five questions will tell you quickly where the gaps are.
Watch nowRisk
Internal Control Health Check
Assess key controls across critical business processes.
A focused review of the controls that protect your most important processes, identifying gaps, duplication and opportunities to strengthen or simplify.
Who it is for
- Finance and operations leaders seeking assurance over key processes.
- Organisations that have experienced errors, losses or audit findings.
- Businesses scaling quickly where controls have not kept pace.
What we assess
- Control design across revenue, purchasing, payroll, cash and inventory
- Authorisation, reconciliation and review controls
- System access and segregation of duties
- Evidence that controls operate as intended
What you get
- 1A control matrix mapping risks to controls
- 2Gap analysis with prioritised remediation
- 3Practical control improvements and monitoring routines
Frequently asked questions
Which processes does the internal control review cover?
Typically revenue, purchasing, payroll, cash and inventory, plus any process where errors, losses or audit findings have occurred.
Is this the same as an external audit?
No. An external audit gives an opinion on the financial statements. This review assesses whether your day-to-day controls are well designed and operating, and how to strengthen or simplify them.
What do we receive from an internal control health check?
A control matrix mapping risks to controls, a gap analysis with prioritised remediation, and practical monitoring routines your team can sustain.
How the engagement runs
Every Insight.360° assignment follows the same seven-step approach, scaled to your size and complexity.
- 1Plan
- 2Understand
- 3Assess
- 4Analyse
- 5Report
- 6Improve
- 7Follow up
Related insights
Let’s talk about your business.
Whether you are looking to strengthen operations, governance, risk management, internal controls or compliance, we would be pleased to understand your requirements.