skip to main content
X

Services

Risk Advisory Services

Emerging risk is all around us; our consultants help you implement, transform or enhance your programs to address these risks.

REDESIGNING CONTROLS IN A VIRTUAL ENVIRONMENT

REDESIGNING CONTROLS IN A VIRTUAL ENVIRONMENT

What did your control environment look like 10 days or even 5 days ago? Likely very different than it does today and will be the coming weeks. Companies have had to adapted to a remote strategy thus impacting many of their controls. Manual or automated controls have had to be redesigned to function in this remote environment. The risk that a reduced workforce due to layoffs can have a significant impact on controls.
As your company starts to plan for the 2020 internal controls testing, it may be very different. Ensure that there is time built into the process to:

  • Perform walkthroughs over processes focusing on the controls that new and redesigned controls.
  • Gain a complete understanding of how a reduction in staff may have impacted controls.
  • Determine temporary controls that were in place during this challenging time and which altered controls may be permanent
  • Increased communication and coordination with the external auditor over the changes to the control environment.

If you are ready to start your internal controls redesign process, UHY's resources are here to help. Feel free to contact us at: riskadvisoryservices@uhy-us.com.

 

Hide Firm Disclaimer

©2020 UHY LLP. ALL RIGHTS RESERVED.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.