OCF Corporate Advisory Ltd

Internal Control Review

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There are many benefits of conducting effective internal control review:

  • Execute corporate strategy
  • Improve operational efficiency
  • Reliability of financial reporting and management information
  • Ensure the safety and integrity of company assets
  • Comply with laws, regulations, and regulatory requirements

How can an effective internal control system be established?

  • Policies and procedures in place, such as organizational structure, job descriptions, authorization matrix
  • With segregation of duties and responsibilities
  • With proper authorization and approval processes
  • With performance monitoring and control procedures
  • Safeguarding assets
  • Well define roles and responsibility of staff
  • With independent internal audit function
  • Ensure regulatory compliance
  • Risk management system in place

Internal Control in practice:

  • Division of responsibilities and controls
  • Authorization Controls
  • Review and approval controls
  • Budget Controls
  • Property Protection Controls
  • Accounting system controls
  • Internal reporting controls
  • Performance appraisal controls
  • Information Technology Controls

With extensive experience and professional knowledge, OCF provides independent consulting in internal control review for listed companies, unlisted companies and Pre-IPO projects with compliance of listing requirements regarding Corporate Governance Code of Listing Rules of HKEX.) for both listed and unlisted companies and Pre-IPO projects and to comply with listing requirement โ€“ Corporate Governance Code of Listing Rules of HKEX.