Global Internal Controls

CAA has been privileged to be conducting industry leading audits across the Globe or to be involved the standard setting for various industries during 2016.

Internal control is broadly defined as:

  • a process, effected by an entity’s board of trustees, management, and other personnel,
  • designed to provide reasonable assurance regarding the achievement of objectives in the following categories:
  • Effectiveness and efficiency of operations.
  • Reliability of financial reporting.

We have been auditing and testing controls and more importantly the strength of the proposed or implemented controls. In some cases, the Internal Controls are so well defined and implemented, that our experts had to really look to find any fault or propose any improvements. In other cases, the absence of the implementation of Internal Controls are so visible like florescent paint in the dark.

This all boils down to “Leadership”, or the “Tone at the Top”. The processes are there, the procedures are well written, everything is in place, but alas, the lack of leadership creates the opportunity for Internal Controls to be negated and create the conditions for habits and everyone’s behaviour’s, learned and embedded over their lifetime, to take over and create, what seems to be a workable solution.

The CAA global footprint in the Internal Control environment has resulted in CAA to be endorsed by the Association of Internal Control Professionals (AICP), based in the United Kingdom. This is a great honour for CAA to be part of a selected group of professionals.

To form part of the AICP international membership, please contact Nico Snyman, the appointed AICP UK Board member, representing Africa, on aicp@crestadvisoryafrica.com.