Establishing a regular and robust internal risk monitoring and management process is crucial for identifying and mitigating potential risks that could impact your company due to evolving business strategies, onboarding of new vendors and third parties, new regulations, expansion, etc., thus, rendering initial assessments of risks obsolete. Internal controls help companies to comply with laws and regulations, prevent fraud, keeps a check on adherence to policies and procedures, identification of capital shortages & any commercial set-backs. It also helps in generating accurate reports for leadership, setting forth your organization's governance structures and in identifying the distribution of rights and responsibilities among different stakeholders by cultivating a company culture of integrity & ethics.

LexLevel will Empower you with Compliance to Secure Success through our Internal Control Solutions:

We develop a personalised framework for your organisation that would answer all your compliance related issues. It would consists of documents such as compliance handbook & programs, internal policies & procedures, business systems that support compliance monitoring and reporting and risk management. In addition, the framework highlights business processes that clearly identifies compliance and risk owners, processes around incident and breach reporting, communication processes, escalation procedures and all other internal controls in place.

• Do you have a centralized Compliance Program with transparent policies and procedures?
• Does your organization comply with Industry laws and standards?
• Who is responsible in your organization for maintaining and proving compliance?
• How are employees and associated third parties held accountable to your company's compliance policies and procedures?
• How frequently are your compliance policies and implementation program reviewed?