An operating internal controls system is a key component of an organization’s anti fraud and compliance program, even in the absence of fraud. In fact, regulators often look to the presence of strong internal controls as a determining factor in deciding whether or not to charge an organization for criminal misconduct.
The SurveilLens platform contains a library of internal controls, mapped to a rules engine as well as the organization’s business processes. Using guidance developed from frameworks such as COSO and the Federal Sentencing Guidelines, our solution allows reviewers to assess the design and evaluate the operational effectiveness of controls simultaneously with their review of transactions.
The results of the internal control review can also serve as a qualitative indicator in the organization’s risk assessment process.
Deficiencies and weaknesses in internal controls can be visualized through a user friendly interface with drillable maps highlighting geography, legal entities or departments.