Completely in control

This way we implemented a financial reporting risk framework
Home » Cases » Completely in control

The challenge

A Dutch insurer wanted to tighten up its internal control and make it more verifiable. As part of a larger project team, we played a central role in this by mapping out the processes, risks and controls. This inventory was the basis for an improved Financial Reporting Risk Framework that focuses on the entire financial value chain – from application to financial settlement. Additional challenge: a very tight deadline.

Our approach

We worked out processes in brown-paper sessions and workshops. We used the results as a starting point for the risk assessments. By bringing together people from different layers of the organisation, we created an integrated overview of processes, risks and controls in a short period of time. In addition, we supported the organisation in (re)designing and implementing existing and new controls. We also provided organisational advice and support in preparation for the external auditor’s semi-annual audit.

This is how we took the insurer further

The combination of our industry knowledge, risk management expertise and auditing experience allowed us to work quickly and efficiently to speed up the process. The result: an improved Financial Reporting Risk Framework that raises the internal control to a higher level and makes it more verifiable. In this way, the insurer proves not only to itself that it is in control, but also to external parties.

Do you want to know how we can take you visibly further?

Interested to find out how Redmore can take your organisation forward? Let’s talk about your challenges. We are your partner in the fields of Risk, Business, Technology, Legal and Finance. From strategy to flawless implementation.

Contact+ us

Would you like more information or to make an appointment?

Hidden