Internal Control System Establishment Consultancy, The Consultancy for Establishing an Internal Control System ensures that the activities of the administration are produced and carried out in an effective, economical and efficient manner, in a timely and reliable manner, in accordance with the objectives, principles and legislation of financial and management information management, protecting assets and resources, keeping accounting records completely and accurately. was established to provide It is the totality of financial and other controls covering organization, method and process, and internal audit.
Establishment of an effective internal control system within the scope of effective, economic and efficient use of resources comes at the forefront of the obligations imposed on local governments by the Public Financial Management and Control Law No. 5018. In this context, it is important to establish and implement an internal control system within the framework of the legal regulations enacted in order to fulfill a fundamental legal obligation of municipalities.
The Consultancy for Establishing an Internal Control System ensures that the activities of the administration are produced and carried out in an effective, economical and efficient manner, in a timely and reliable manner, in accordance with the objectives, principles and legislation of financial and management information management, protecting assets and resources, keeping accounting records completely and accurately. was established to provide It is the totality of financial and other controls covering organization, method and process, and internal audit.
Establishment of an effective internal control system within the scope of effective, economic and efficient use of resources comes at the forefront of the obligations imposed on local governments by the Public Financial Management and Control Law No. 5018. In this context, it is important to establish and implement an internal control system within the framework of the legal regulations enacted in order to fulfill a fundamental legal obligation of municipalities.
Internal Control System Establishment Consultancy
Since 2006, when the restructuring of the internal control system in public administrations was initiated, as required by the Public Financial Management and Control Law No. 5018, systems restructuring continues in most public administrations, while a significant number of public administrations have not started restructuring efforts yet. Few managements that structure the internal control system and risk management are still in the process of implementing and adopting the system.
However, this naturally increases expectations from the audit of the internal control system. Administrations expect from the audit results, beyond the training, guidance and consultancy support they receive, how appropriate and correct their actions are, and they hope to provide assurance to their systems with the evaluations and recommendations of the inspectors. This requires auditors to learn about the internal control system and enterprise risk management, and to be familiar with the basic work that public administrations perform in configuring systems.
What is Internal Control System?
What is the Internal Control System? It is the structure that covers the determination, implementation, monitoring, evaluation and reporting of common controls in all units and activities of the institution that will help the institution achieve its mission and strategic goals/objectives.
Internal Control
To put it briefly, it is a set of business or transactions developed to meet the possible risks involved in all business and transaction processes in the organization’s activities. internal control; It is a complementary process implemented by an organization’s management and staff. In order to provide reasonable assurance about the success of the institution’s activities, control activities are designed with a risk-oriented approach in addition to the existing controls in the current legal regulations.
Benefits of Internal Control System
- It ensures that the objectives of the management are achieved effectively and effectively,
- Ensures compliance with laws and regulations,
- Protects assets,
- Prevents, reduces and/or detects errors and irregularities,
- Provides complete and reliable record keeping,
- Provides timely and reliable financial reporting.
If the Internal Control System Is Insufficient
- The institution cannot achieve its goals!
- It loses its credibility, its image is damaged,
- She suffers material loss,
- Theft, corruption, waste of time,
- Contradictory situations arise; Administrative and penal responsibilities may arise,
- The demands of the management cannot be met on time,
- Clear and unclear information is produced,
- There are employees with low morale.
Internal Control System Legislation
- Public Financial Management and Control Law No. 5018,
- Procedures and Principles Regarding Internal Control and Preliminary Financial Control,
- Regulation on Working Procedures and Principles of Strategy Development Units,
- Regulation on Working Procedures and Principles of Internal Auditors,
- Communiqué on Public Internal Control Standards,
- Public Internal Control Standards Compliance Action Plan Guide,
- Strategic Plan, Performance Program, Annual Report Regulations,
- Guidelines for Public Internal Control.
Consultancy Service Scope for the Establishment of the Internal Control System
- Preparing an Internal Control Compliance Action Plan, Performing Initial Studies,
- Holding the Internal Control Kick-off Meeting,
- Preparation of the Internal Control Directive,
- Creating Working Groups,
- Providing Training on Internal Control,
- Current Case Study in Internal Control,
- Creating and filling in the Contents of the Internal Control Compliance Action Plan,
- Evaluation of Internal Control General Conditions,
- Identification of Unit Activity Areas,
- Preparation of Internal Control Compliance Action Plan,
- Writing a Report Evaluating the General Condition of the Administration,
- Preparation of the Preliminary Financial Control Directive,
- Establishment of the Legislation of the Financial Services Unit,
For your training and consultancy requests on the subject, you can contact with us.
Internal Control System Configuration Services
Today, there is no business that does not have practices related to the internal control system. What matters is the level of the current system. Researches and experiences show that many enterprises in our country do not create an internal control system with a conscious work. Piece by piece, the existing knowledge and experience is applied in our businesses in this context.
However, it is a definite fact that every business today needs to establish an appropriate internal control system with a scientific approach.
With the model we have implemented as AG DENETİM, we take a picture of the internal control system in a business and make the necessary evaluations, and then we go on the path of restructuring an appropriate system.
These studies may be in the form of revising the existing internal control system, or it may be in the form of establishing an internal control system directly in a company. In this context, we provide the services listed below.
- Establishing an Internal Control System as a Whole
- Establishing a Management Information System
- Establishing an Accounting Information System
- Creating an Enterprise Risk Management Model
As AG Audit, we provide services to our customers in establishing internal control mechanisms, evaluating their existing structures, establishing an internal audit unit or developing existing internal audit practices so that they can obtain assurance from their activities.
Since 2006, when the restructuring of the internal control system in public administrations was initiated, as required by the Public Financial Management and Control Law No. 5018, systems restructuring continues in most public administrations, while a significant number of public administrations have not started restructuring efforts yet. Few managements that structure the internal control system and risk management are still in the process of implementing and adopting the system.
However, this naturally increases expectations from the audit of the internal control system. Administrations expect from the audit results, beyond the training, guidance and consultancy support they receive, how appropriate and correct their actions are, and they hope to provide assurance to their systems with the evaluations and recommendations of the inspectors. This requires auditors to learn about the internal control system and enterprise risk management, and to be familiar with the basic work that public administrations perform in configuring systems.
What is Internal Control System?
What is the Internal Control System? It is the structure that covers the determination, implementation, monitoring, evaluation and reporting of common controls in all units and activities of the institution that will help the institution achieve its mission and strategic goals/objectives.
Internal Control
To put it briefly, it is a set of business or transactions developed to meet the possible risks involved in all business and transaction processes in the organization’s activities. internal control; It is a complementary process implemented by an organization’s management and staff. In order to provide reasonable assurance about the success of the institution’s activities, control activities are designed with a risk-oriented approach in addition to the existing controls in the current legal regulations.
Benefits of Internal Control System
- It ensures that the objectives of the management are achieved effectively and effectively,
- Ensures compliance with laws and regulations,
- Protects assets,
- Prevents, reduces and/or detects errors and irregularities,
- Provides complete and reliable record keeping,
- Provides timely and reliable financial reporting.
If the Internal Control System Is Insufficient
- The institution cannot achieve its goals!
- It loses its credibility, its image is damaged,
- She suffers material loss,
- Theft, corruption, waste of time,
- Contradictory situations arise; Administrative and penal responsibilities may arise,
- The demands of the management cannot be met on time,
- Clear and unclear information is produced,
- There are employees with low morale.
Internal Control System Legislation
- Public Financial Management and Control Law No. 5018,
- Procedures and Principles Regarding Internal Control and Preliminary Financial Control,
- Regulation on Working Procedures and Principles of Strategy Development Units,
- Regulation on Working Procedures and Principles of Internal Auditors,
- Communiqué on Public Internal Control Standards,
- Public Internal Control Standards Compliance Action Plan Guide,
- Strategic Plan, Performance Program, Annual Report Regulations,
- Guidelines for Public Internal Control.
Consultancy Service Scope for the Establishment of the Internal Control System
- Preparing an Internal Control Compliance Action Plan, Performing Initial Studies,
- Holding the Internal Control Kick-off Meeting,
- Preparation of the Internal Control Directive,
- Creating Working Groups,
- Providing Training on Internal Control,
- Current Case Study in Internal Control,
- Creating and filling in the Contents of the Internal Control Compliance Action Plan,
- Evaluation of Internal Control General Conditions,
- Identification of Unit Activity Areas,
- Preparation of Internal Control Compliance Action Plan,
- Writing a Report Evaluating the General Condition of the Administration,
- Preparation of the Preliminary Financial Control Directive,
- Establishment of the Legislation of the Financial Services Unit,
For your training and consultancy requests on the subject, you can contact with us.
Internal Control System Configuration Services
Today, there is no business that does not have practices related to the internal control system. What matters is the level of the current system. Researches and experiences show that many enterprises in our country do not create an internal control system with a conscious work. Piece by piece, the existing knowledge and experience is applied in our businesses in this context.
However, it is a definite fact that every business today needs to establish an appropriate internal control system with a scientific approach.
With the model we have implemented as AG DENETİM, we take a picture of the internal control system in a business and make the necessary evaluations, and then we go on the path of restructuring an appropriate system.
These studies may be in the form of revising the existing internal control system, or it may be in the form of establishing an internal control system directly in a company. In this context, we provide the services listed below.
- Establishing an Internal Control System as a Whole
- Establishing a Management Information System
- Establishing an Accounting Information System
- Creating an Enterprise Risk Management Model
As AG Audit, we provide services to our customers in establishing internal control mechanisms, evaluating their existing structures, establishing an internal audit unit or developing existing internal audit practices so that they can obtain assurance from their activities.
