Review of Internal Control Procedures

Review of internal control procedures is a comprehensive, independent assessment of the design and operating effectiveness of an organization’s control environment across key business processes and functions. The service focuses on identifying control gaps, inefficiencies, and compliance risks, as well as evaluating alignment with leading practices, regulatory requirements, and the organization’s strategic objectives. Based on the review, clear, prioritized recommendations are formulated to enhance control robustness, improve process efficiency, and strengthen overall risk management. Submit a request

Strategic Internal Control Assessment in the Danish Market

In the Danish business environment, characterized by a high level of trust, strong regulatory expectations and a deeply rooted culture of transparency, a structured and forward-looking assessment of internal controls has become a strategic necessity. Read more.

Case study

Internal Controls Turnaround in Manufacturing

A large industrial manufacturing group faced a pattern of unexplained margin erosion, delayed closings and recurring inventory write-offs. Management suspected that the r...More +

Retail Chain Gains Control Clarity

The story begins with a nationwide retail chain that had grown quickly through new store openings and acquisitions. Revenue was rising, but so were unexplained losses, in...More +

Financial Services Control Review Success

A mid-sized financial services provider specializing in consumer lending found itself under increasing scrutiny from regulators. Recent thematic reviews in the sector had...More +

Food Producer Optimizes Internal Controls

A regional food production company operating several processing plants and a central distribution center faced growing complexity. New product lines, stricter food safety...More +

What we provide

Control Mapping

We map existing internal control procedures against leading international frameworks and regulatory requirements to identify coverage, overlaps, and gaps.

Process Walkthroughs

We perform detailed walkthroughs of key processes with process owners to understand how controls operate in practice and where breakdowns may occur.

Design Assessment

We evaluate the design of controls to determine whether they are appropriately structured, documented, and aligned with the organization’s risk profile and objectives.

Operating Testing

We test the operating effectiveness of selected controls using sampling, re-performance, and data analysis techniques to validate that they function as intended.

Risk Prioritization

We analyze identified control deficiencies and process weaknesses, prioritize them by risk and impact, and highlight critical issues requiring immediate attention.

Benchmarking Insights

We benchmark the organization’s internal control environment against industry peers and best practices to provide insight into maturity and improvement opportunities.

Recommendations Roadmap

We develop a practical remediation roadmap with clear, prioritized recommendations, owners, and timelines to strengthen internal controls and governance.

Reporting Support

We prepare concise, executive-ready reports and presentations that communicate key findings, risks, and agreed actions to management, the board, and other stakeholders.

Review of Internal Control Procedures as a Catalyst of Sustainable Development

In many organizations the review of internal control procedures is still perceived mainly as a technical or regulatory necessity, yet in reality it can become a powerful driver of sustainable transformation. When a consulting firm approaches this ser...

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How can we support you?

A comprehensive review of internal control procedures helps organizations strengthen governance, reduce risk, and ensure reliable financial and operational outcomes. The service focuses on assessing the design and effectiveness of controls, identifying gaps, and recommending pragmatic improvements aligned with leading practices and regulatory expectations.

Diagnostic assessment of the internal control environment

The engagement typically begins with a structured diagnostic of the overall control environment, including governance, risk culture, and accountability. Existing policies, process maps, and control matrices are analyzed to understand how responsibilities and decision rights are distributed. Particular attention is paid to the tone at the top, segregation of duties, and the clarity of control ownership across functions. Radner benchmarks current practices against recognized frameworks and industry standards to identify areas of over‑control and under‑control. The outcome is a clear view of strengths, weaknesses, and control redundancies that may be slowing operations without adding protection. This diagnostic forms the foundation for a targeted and proportionate enhancement plan.

Testing design and operating effectiveness of key controls

A focused review is performed on key financial, operational, and IT controls that are critical for accurate reporting and risk mitigation. Control design is evaluated to determine whether it adequately addresses identified risks and complies with relevant regulations and internal policies. Sample‑based testing and walkthroughs are used to assess whether controls operate consistently and are properly documented. Particular emphasis is placed on high‑risk areas such as revenue recognition, purchasing and payments, access management, and change management. Radner identifies control failures, manual workarounds, and process bottlenecks that may expose the organization to fraud, error, or non‑compliance. The results are translated into prioritized findings with clear root causes and practical remediation actions.

Optimization and remediation of internal control procedures

Based on the review results, targeted recommendations are developed to streamline and strengthen internal control procedures. The focus is on simplifying control activities, eliminating overlaps, and embedding controls directly into business processes and systems. Particular care is taken to balance control robustness with operational efficiency, avoiding unnecessary administrative burden. Radner supports the design of improved control workflows, including updated policies, checklists, and approval paths. Where appropriate, automation opportunities are identified to reduce manual intervention and improve traceability. The remediation roadmap is sequenced to deliver quick wins while building towards a more resilient and scalable control framework.

Continuous improvement, monitoring, and capability building

To ensure lasting impact, the review extends beyond one‑off remediation and supports the creation of mechanisms for continuous improvement. Key performance indicators and control health metrics are defined to monitor the effectiveness of the internal control system over time. We help establish or refine internal control self‑assessment routines, internal audit coordination, and issue‑tracking processes. Training materials and practical guidance are developed to enhance awareness and capabilities of process owners and control performers. Radner also advises on the use of data analytics and dashboards to detect anomalies and emerging risks at an early stage. This approach enables the organization to maintain a dynamic, learning‑oriented control environment that evolves with business and regulatory changes.

Why choose us?

Local Insight

We combine deep knowledge of Danish regulatory expectations with international best practices in internal control design and testing. We understand how to adapt group-wide control frameworks to the specific operational, cultural, and legal context of the Danish market.

Pragmatic Approach

We translate complex control requirements into clear, practical actions that your teams can implement and sustain in day-to-day operations. We focus on what is truly business-critical, helping you strengthen controls without adding unnecessary bureaucracy.

End-to-End Support

We support you through the full review cycle, from risk assessment and control walkthroughs to remediation planning and follow-up testing. We work closely with your stakeholders, ensuring that improvements to internal controls are understood, owned, and embedded across the organization.

Contact

Need more information? Contact us.