The ability to prevent economic and reputational losses requires effective internal controls. Yet, they can become strained when companies undertake new processes, enter new geographic markets, or utilize new vendors. They can also be vulnerable when companies experience financial and operational pressures, face headcount reductions or other scaling back.  Having such controls in place is not only critical to remaining compliant with laws and regulations, but in today’s turbulent economic environment it is imperative.
AlixPartners’ professionals identify and evaluate shortcomings in relevant internal controls and assess overall risk within an entity. Our professionals are regularly called upon when it matters most – following a company’s initial discovery of a material weakness.  In matters involving fraud, corruption, regulatory issues, and internal accounting control risks, we investigate the problem, determine its scope, and provide the means for implementing a practical, efficient solution.

We apply an independent, objective perspective to help companies and executives achieve their objectives in areas such as: 

• Effectiveness and efficiency of operations
• Reliability of financial reporting
• Compliance with applicable laws and regulations

Our professionals conduct thorough and comprehensive compliance reviews by:

• Reviewing the adequacy of existing policies and procedures to ensure compliance with stated organizational objectives and applicable regulations
• Determining whether duties are adequately segregated and assessing whether key risk areas possess sufficient controls
• Testing whether subsequent changes to controls were effective and determining whether any additional weaknesses exist and need to be remediated
• Effectively communicating with management and boards of directors throughout the entire process  
• Conducting “Tone at the Top” assessments and making best practices recommendations