Internal Control System

The Internal Control System (ICS) is often a legal obligation in European countries. Reference systems such as COSO or NAS 890 may be used, for example.

The ICS lets you define controls and oversight necessary to ensure accounting precision (Balance Sheet, P&L, and reporting) and to reduce financial risks.

The Optimiso solution lets you :

• Describe the processes and procedures necessary for ICS,
• Identify and evaluate risks,
• Identify controls and key controls,
• Identify oversight of key controls,
• Schedule oversight of key controls,
• Automatically produce many reports, including the “Accounting Plan - Processes - Risks - Controls - Oversight” matrix.

Which Optimiso modules can be used to set up an ICS ?

• Control, Safety & Security Manager
• Risk Manager
• Process Modelor
• Document Manager
• Human Resources Manager
• Compliance Manager