The planning and control function
The mission the planning and control function as part of the MCS (Management Control System) is to facilitate the organisation in determining and realize the corporate strategy and objectives: To control the organisation.
The pillars in control:
1. Budget /KPI's in place
2. Information cycle of good quality
3. AO/IC in place, written procedures (segregation of duties/ control measures within processes)
4. Risk Management
PCS Business Consultancy helps to create an optimal planning and control cycle for your organisation.
A good leading budget (Investment, Finance, Liquidity, Cost price/ Norms) and the correct key controls are important.
Risk AO
To control the risks of an organisation is referred by the term Risk Management. read more about: Macroeconomics
COSO indicates that internal control is a process aimed at obtaining a reasonable degree of certainty to achieve the companies objectives in the following categories:
1. Strategic (achieving strategic objectives)
2. Operations (effective and efficient business processes)
- - > Treasury risk (Financial risks)
3. Reporting (reliability information process) (1)
4. Compliance (regulations)
(1) AO small ->Information control
PCS Business Consultancy has experience in risk management COSO and to organize, analyse and describe the processes, risks and key controls, as described in the Sarbanes-Oxley Act (SOX) Section 404.
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