More and more companies are falling victim to white-collar crime, and in most cases this leads to significant financial loss. In the majority of incidents, the root causes of vulnerability are later identified as ineffective risk management systems and missing control processes. As a matter of fact, legal and regulatory compliance requirements have tightened in recent years, e.g., URÄG, Basel II, Sarbanes Oxley Acts and the 8th EU Directive. These compliance requirements require the establishment und evaluation of internal control systems and monitoring systems.
Efficient monitoring of a company is a critical factor in its success. The executive management and board of directors depend on a holistic internal control system and IT audits for dealing with fraud and embezzlement and maintaining control in complex business environments.