Organizations have a fiduciary responsibility to their key stakeholders, customers, board members, and employees, and a similar responsibility to applicable regulators, that their organization operates with integrity, and in compliance with all laws and regulations. The YCN Consulting Network of over 100 internal audit and risk management professionals provides the leadership and experience to help you understand and respond to the complex internal audit, risk and compliance requirements your organization is facing. Following are a few of our service offerings:
The Institute of Internal Auditors (IIA) defines Internal auditing as an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. YCN Group can help an organization accomplish its objectives by providing experienced internal audit professionals who can support the organization’s systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Sarbanes-Oxley Act of 2002 (SOX) and related SEC rules mandated new or enhanced standards for all U.S. public company boards, management and public accounting firms. The standards include new requirements for internal controls and disclosure controls. Deploying YCN Group experienced resources in the implementation and ongoing execution of the required activities can increase the effectiveness and reduce the costs of complying with SOX requirements.
Enterprise Risk Management
COSO defines ERM as a "…process, effected by an entity's board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.” Four Point can assist in the development of a customized ERM program to meet an organization’s specific needs.
Other Compliance Services
Management has the responsibility to identify applicable requirements (defined in laws, regulations, standards, contracts, strategies and policies). Processes need to be established to regularly assess the state of compliance and the risks and potential costs of non-compliance, and then prioritize, fund and initiate any corrective actions deemed necessary. YCN Group provides professionals with a variety of industry specific skills available to assist in addressing compliance matters.
Keep up with, and effectively manage your Internal Audit, Risk & Compliance issues. Email us at firstname.lastname@example.org or call the experienced team at YCN Group at (217) 960-1926.
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