COMPLIANCE

+ CONTROL

FRAMEWORK

The introduction of The Sarbanes-Oxley Act of 2002, (which is designed to protect investors from the possibility of fraudulent accounting activities by corporations) requires that all publicly held companies establish internal controls and procedures for financial reporting to reduce the possibility of corporate fraud.

RISK +

CONTROL MATRIX

(RCM)

North Star Business Consulting, LLC has done extensive design work in this area by introducing the concept of a ‘Risk and Control Matrix’ (RCM) which is designed to leverage the Six Sigma methods in the identification, measurements, and monitoring of critical operational and financial controls at the process step level within the overall work process design of a corporation.

To further support the Risk and Control Matrix, the design extends the reach to include:

Access Control (who has access to the process step at the transaction level)

 

Segregation of Duties (ensures that an individual does not have access to groups of transactions which would allow a fraud to occur)

 

Delegation of Authority (provides authority to spend and sets a level of spending)

North Star Business Consulting, LLC can provide an independent assessment of the Compliance & Control Framework working in conjunction with the corporation's:

North Star provides a full range of services necessary to design and implement a structure which affordably satisfies the reporting requirements.

Internal auditors

External auditors

SOX compliance officer

NORTH STAR BUSINESS CONSULTING LLC

PO Box 903, Boyne City, MI 49712

Tel.  989-859-6522