Operational Risk, Control & Compliance

Business Controls and Compliance

Specializing in Business Controls & Compliance services, WG Consulting recognizes the importance of these facets in driving successful corporate governance, risk management, and regulatory adherence. Navigate the complexities of modern business with our seasoned expertise, ensuring your organization stays ahead in a constantly evolving regulatory landscape. Partner with us for a proactive approach to compliance and enhanced operational efficiency.

BUSINESS operational CONTROLS

Business Controls protect your organization’s assets, maintain accurate financial reporting and promote operational efficiency. They are designed to manage risks, prevent fraud and comply with internal and external regulations.

KEY ASPECTS OF BUSINESS CONTROLS

Effective Business Controls help ensure financial integrity, prevent and detect fraudulent activities and enhance the reliability of financial reporting. We help organizations address regulatory mandates and maintain business value in the following ways:

Segregation of DutieS

We help operations reduce the risk of errors or fraud by assigning critical tasks to different parties.

Authorization and Approval

Seting clear lines of authority for transaction and activity approval.

Physical Security

Ensuring asset, data and information protection via comprehensive security measures.

Information Technology Control

Safeguarding data integrity and defending against cyber threats.

Reconciliation and Monitoring

Regularly audit accounts and activities to identify discrepancies and potential issues.

FINANCIAL PLANNING

Compliance ensures your company operates ethically, transparently and within its industry and location’s legal and regulatory framework.

KEY ASPECTS OF COMPLIANCE

A well-structured compliance program, including policies, training, monitoring and reporting mechanisms, demonstrates your organization’s commitment to regulatory compliance and ethical conduct. Our team ensures the following key components are in place:

Regulatory Compliance

Adheres to laws and regulations established by governing bodies or industry-specific regulatory authorities.

Ethical Compliance

Aligns business practices with ethical standards and codes of conduct.

Data Privacy Compliance

Protects sensitive customer and employee data in accordance with data protection laws.

Anti-Money Laundering (AML) CompliancE

Implements measures to prevent money laundering and terrorist financing activities.

Environmental, Social, and Governance (ESG) CompliancE

Addresses environmental and social impact concerns and maintains effective governance practices.

The Intersection of Business Controls and Compliance

Business Controls and Compliance work hand-in-hand to manage risk and ensure regulatory adherence. A solid framework of Business Controls supports compliance by establishing monitoring, assessment and reporting mechanisms. Compliance requirements often guide the design and implementation of Business Controls.

The wg experience

Through our FP&A services, WG Consulting enables you to make informed, data-driven decisions that align with your business objectives. Contact us today to optimize your financial performance.