Compliance with the French Financial Security Act (LSF) and internal control in industry and services ..................................................
Objectives
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·Ensure confomity to the LSF
·Facilitate drawing up the annual report
·In the short term, convince audit structures (supervisory board, external auditors, etc.) that the enterprise has selected the right way forward.
·Set up an efficient internal control system on a permanent basis
·Integrate the internal control measures in the day-to-day operations of the enterprise
Solution
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Identify priority processes and account groups.
Identify and assess risks in terms of probability and possible impact on corporate objectives.
Specify control points using a standard framework
Risk maps per director
Set up self-assessment for directors.
·Feedback from independent auditors
Set up and monitor corrective action plans
·Indicators and scorecards provide objective measurements for management and pinpoint any inherent weaknesses in procedures
·Describe business procedures including control points
·Alarm system to inform the director concerned when an indicator "goes into the red"
ISIMAN provides all functions necessary for high quality feedback monitoring and reporting:
Selective operation of feedback process
Automatic generation of feedback documents including user ID, return date and reminder period
Integrated one or two step workflow for feedback
Reminders sent out until results obtained
Standard feedback monitoring and graphic format reporting functionality
·Export into Excel spreadsheet of all validated results
Benefits
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Rapid Implementation Within a matter of days the solution can already be in use as a standard questionnaire is provided as an integral part of the solution.
Customizable The solution is designed to be easily adapted to keep pace with changing requirements.
Minimal IT Architecture Requirements The solution runs in an Intranet/Internet environment and is installed on any Microsoft server. It requires minimum IT support. Web-based publication and functionality require no client installation.
For large and small enterprises ISIMAN Internal Control is suitable for large and small enterprises. It is designed to support a large number of users in several sites, but can equally be used in a single-site configuration.
Easy to implement The customized, automated solution enables you to set up an optimal risk management system with the minimum of effort.
Accountability Publication of results for all those involved in internal control and risk management ensures reliability and accountability for all.
Flexibility The solution enables enterprises to react more quickly to changing requirements in the marketplace and industry and formal standards.
Step by step The preliminary steps required for implementation of the solution in the short term provide the basis for many years to come.
Secure Web system Secure access rights specific to your enterprise ensure security at all times and on all sites.
Value added The solution provides a strategic tool in long-term risk management, staff accountability and return on investment.
The solution can be implemented as part of our overall offer ISIMAN Enterprise
Companies concerned
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All French companies in Industry or the service sector concerned by the French Financial Security Act (Loi Sécurité Financière)
