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Internal control is the means by which you marshal your organisation's
resources to achieve your business objectives. Does your system of
internal control help you to exploit your opportunities as well as manage
your business risks? Is it able to detect material errors in sufficient
time for you do take appropriate action? Can you quantify the
effectiveness of your controls? Do you just have enough controls -
not too many and not too few? If the answer to any of these questions is
"no", or you do not know then ...
Your response - choose from any of the Gamma Internal Control Services
The Gamma internal control services consists of a variety of complementary
modules. You may
not need them all - just choose the ones you need.
- Structural assessment: We will assess the structure of
your internal control system and recommend areas for improvement.
We will pay attention to the processes by which you establish,
police and improve your system, particularly in the areas of
developing risk treatment plans, opportunity exploitation plans
and alternative ideas lists. We have a structured methodology for
carrying out this type of assessment, and our own system of
internal control is based on this approach.
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Development of Risk Treatment Plans:
We can assist you to develop your Risk Treatment Plans (RTPs).
We have a "one-stop" process for carrying out the risk assessment,
risk treatment and selection of controls, and present our results in
an easy to understand "tell it like a story approach". Why not
use this approach to determine what your corporate worldwide IT
policies and strategies should be?
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| We have used this approach to determine Civil
Service-wide polices for information security. |
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Development of Opportunity Exploitation Plans: We can
assist you to develop your Opportunity Exploitation Plans (OEPs).
As the OEPs have to consider the risks, this is another way to
identify what dangers really matter to an organisation, and thus focus
the internal controls towards meeting the business objectives.
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Regulatory refreshment: We can assist you to keep pace with
new regulations by creating new AILs, or translating established codes
of practice and checklists to the AIL format. We can then help
you to complete the Statement of Applicability, justifying why
particular controls are relevant to your organisation and which are
not. Adapting to new regulations will no longer mean a complete
revamp of your existing procedures and each AIL is effectively a new
"database" view on your existing internal controls.
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- Measuring the effectiveness of your internal controls:
We can assist you to measure the effectiveness of your internal
controls using our established "time" theory. We can help you to
determine the cost effectiveness of your controls and recommend where
improvements are desirable and how they can be achieved. We can also
assist you to put the procedures into place for you to carry out these
measurements and determinations on a regular basis in order to meet
regulatory requirements such as Basel II.
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Your next move
... simply contact David Brewer. Why not do it now!
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