Internal Control: 5 lessons learned from practical cases

A legal obligation for most public institutions, internal control can be transformed into real added value if it is well executed. With more than 20 years of customer experience, Optimiso Group reveals 5 key benefits of internal control based on practical cases.


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1 – Internal control is a unifying and motivating project

Internal control must be approached as a beneficial project and not as a legal requirement. Indeed, internal control is much more than a constraint, it is above all an opportunity to improve the organization and to create a unifying and motivating project. You will be able to highlight the wealth of all the activities (processes) carried out by the company, which will allow employees to become aware of the numerous activities carried out.


2 – The three pillars of internal control

To be effective, the internal control system must be based on three complementary pillars: knowledge and description of processes, control of operational risks and controls to be carried out. Working in this way makes it possible to cover all the company’s activities and to have truly effective internal control. You know all the activities of the company and are able to define each activity: who does what? what are the stakes? …

Since the activities are now known and described, it becomes much easier to identify the risks, to evaluate them and to put in place the means to control them. Finally, to ensure that internal control is properly followed up, controls make it possible to ensure that tasks are properly carried out by employees: risk monitoring, controls of processes, etc.


3 – Internal control: a description of reality

When you build your internal control, it is essential to rely on a description of reality. A clear perception of the practical cases will enable you to make the right decisions and improve the management of your activity. To do this, it is important to collaborate with the teams by organizing, for example, work groups, which will allow you to better describe their daily activities. This consultation will also allow you to unite employees around the internal control system by showing them what is at stake and the steps taken.


4 – Simplicity, a guarantee of success for your internal control

It is essential to master and understand all the elements of the internal control, in order to make it simple for everyone. “Is not simplicity the ultimate sophistication?” Leonardo da Vinci


5 – Digitalize your internal control

Simplify the management of your internal control by relying on software that will greatly facilitate its management. With Optimiso Suite, risk mapping, reporting and control monitoring are fully automated and centralized on a single platform. You will save time when preparing presentations for management or audit committees. As in the private sphere, where all generations use connected applications, why not take advantage of these tools in the enterprise to highlight the benefits of internal control ?

Updated at 29 November 2022

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