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Features and Benefits
Compliance PARTNER, Internal Controls™ is built to minimize the drain on your resources. Click here to see step-by-step how you can shaves days and thousands of dollars off your ICFR project.
The product utilizes exclusive templates, built by Canadian internal audit and ICFR experts, to walk you through all phases of NI 52-109 compliance (including the 2007 Testing requirements) in the most efficient manner possible. These templates are built to:
- Give you an overview of the task,
- Provide guidelines for what needs to be done,
- Link to legal references,
- Allow you to attach your own documents,
- Detail an action plan
Best of all, these templates allow you to "fill in the blanks" to record your organization’s activities so you can adjust, report, or export them later.
Key Features
Customizable Project Planning and Scoping Templates
These templates are designed to walk you through all aspects of planning your project, including defining roles and responsibilities and clarifying resource and timing requirements.
The scoping tools allow you to map your financial statement accounts to key business processes using a top-down, risk-based approach. This ensures you focus on controls that matter, and don’t waste resources. Specific scoping templates are available for various industries (Mining, Manufacturing, etc).
Taken together, these templates are like having a compliance expert guiding you to the shortest and soundest path through the project.
Legislation Navigator
Includes; extracts of relevant legislative pronouncements and regulatory material with links to relevant websites so you can quickly make sense of the requirements and read the "letter of the law."
Entity-Level Control Review Templates
Another set of customizable tools allow you to assess vital controls such as:
- "Tone at the Top" (Management Direction) evaluations
- Audit Committee Effectiveness
- Human Resource Controls, and more.
Process-Level Control Review and Documentation Tools
Best practice templates cover a wide variety of processes such as:
- Revenue, Disbursements, Financial Statement Preparation/Disclosures, Treasury, IT Controls, and many more.
- Industry-specific templates for mining, manufacturing, oil & gas and more
- Rapidly define process-level controls and responsibilities and associated guidelines.
- Reducing duplication and wasted effort by managing and linking your existing documents and systems to Compliance Partner™.
Powerful Reporting Tools
With the press of a button, create a variety of reports and Microsoft® Visio® flowcharts to help you assess problem areas in segregation of duties. Customizable reports can be output into tools such as Microsoft® Excel.
Management Dashboard
Identify deficiencies, then create and monitor Remediation Plans/Corrective Actions through the Management Dashboard. This facilitates easier review by your team, audit committee, and external auditors.
Implementation and Training
Our team of certified Internal Auditors will help you and your teams get set up to use Compliance PARTNER, Internal Controls™ and will get you on your way to meeting your ICFR requirements. If your team requires more support, additional training can be arranged.
Support by External Auditors
Don’t have the resources to manage the project yourself? Our network of external auditors can help use Compliance Partner, Internal Controls™ to create a scalable solution that fits the needs of your business.
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