Analysis of the system for interaction with counterparties

Analysis of the system for interaction with counterparties

  • Successfully
    Analysis of the system for interaction with counterparties

    Analysis of the effectiveness of the taxpayer's internal control system for selecting and interacting with counterparties

    Increased efficiency of internal control system for the client's selection and interaction with counterparties

    • Industry

      Construction

    • Process description

      The Tax Compliance team was tasked to analyze the client's internal control system for the risks of entering into/interacting with "technical" companies. The project analyzed: (1) internal documents of the client; (2) the client's approach to audit activities in relation to potential / existing counterparties; (3) the functionality of the client's responsible employees.

    • Result

      The Tax Compliance team identified ineffective areas of the internal control system and prepared recommendations aimed at reducing the risks of entering into business relationships/interactions with "technical" companies.

    • Employees involved

      Mikhail Begunov, Nikita Zharov