Governance & Risk

Internal Controls
& Governance

Build a control environment that protects your organisation, satisfies auditors, and gives your board the assurance they need to govern with confidence.

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Strong internal controls are the foundation of financial integrity and operational resilience.

Inadequate controls expose organisations to financial misstatement, fraud, regulatory penalty, and reputational damage. Tijarah Consultants designs and implements control frameworks that are practical, proportionate, and aligned to your risk profile — using COSO principles as the foundation.

Whether you're building a controls framework from scratch, preparing for an external audit, responding to identified weaknesses, or elevating your governance ahead of a transaction or IPO readiness programme, our advisors bring the rigour and experience to deliver lasting improvement.

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COSO FrameworkControls designed around the five components: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring.

Risk & Control MatricesComprehensive RCMs documenting financial reporting risks, controls, owners, and testing procedures across all key processes.

Board & Audit Committee SupportGovernance structure design, terms of reference, and board-level risk reporting that meets regulatory and investor expectations.

What We Deliver

Control Framework Design

A comprehensive internal control framework built on COSO principles — covering entity-level controls, process-level controls, and IT general controls.

Risk & Control Matrices

Detailed RCMs for each financial reporting process — mapping risks, controls, test procedures, frequency, and control owners to create a clear audit trail.

Policy & Procedure Development

Drafting finance and accounting policies, delegation of authority frameworks, and standard operating procedures that are practical and consistently applied.

Controls Testing & Walkthroughs

Independent testing and walkthrough of key controls — identifying design gaps, operating effectiveness issues, and remediation priorities.

Governance Structure Design

Board and committee structures, terms of reference, delegation of authority, and board reporting frameworks aligned to best practice governance standards.

Audit Readiness & Remediation

Preparing your control environment for external or internal audit — identifying and remediating weaknesses before they become findings.

How We Build Your Control Environment

1

Risk Assessment

Identify and prioritise financial reporting risks across all key business processes and entity-level factors.

2

Control Design

Design preventive and detective controls proportionate to identified risks, with clear ownership and documentation.

3

Implementation

Embed controls within processes, train control owners, and document in RCMs and policy frameworks.

4

Monitor & Test

Establish ongoing monitoring, testing procedures, and management reporting to sustain control effectiveness.

Strengthen your control environment

Talk to our governance specialists about building a framework that protects your organisation and satisfies your auditors.