The kind of business we see today is not what it used to be a decade ago. The constantly evolving business environment needs an effective culture of risk management to be developed through efficient internal controls. Constant assessment of these controls is the only way to mitigate any inherent or potential risks.
CSA provides a platform for analyzing an Organization’s risk profile. It is a phenomenon which gives assurance to the stakeholders that their system of internal controls is reliable. It creates a clear line of responsibility, reduces the risk of fraud and strengthens the overall risk profile.
MDS will design a CSA methodology suitable to the organization and provide professionals for the implementation and training to conduct CSA. MDS can also review and assess your current processes, compare it against the standards, prepare gap analysis and identify improvement opportunity. Our CSA reports will be an invaluable asset to the Organization’s Internal Audit team.