Re-assuring clients about your control environment

The problem
Ship managers need to demonstrate that they not only have the credentials and expertise to effectively manage their clients’ vessels, but also robust systems and controls in place to ensure complete and accurate financial reporting to their auditors, management, investors and other stakeholders. As a result, many organisations are turning to assurance reports such as ISAE3402 and SSAE18.

Moore Stephens' solution
  • Formalise the systems processes and controls in place, highlight key controls and identify gaps, making recommendations as needed.
  • Establish an audit trail and provide advice on improving system efficiencies.
  • Prepare your organisation for readiness assessment and subsequent reports.
  • Devise a strategic plan and plot a timeline for your ISAE/SSAE journey.
  • Design an approach to satisfy your unique needs.
How it works

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Tailored to you
Whilst there are standard approaches for this form of assurance, we can tailor our approach and depth of investigation to specifically suit your needs.

Are you ready
  • Do you have sophisticated systems in place and are they formally documented?
  • Are your controls evidenced and does an audit trail exist?
The benefits
By re-assuring your clients about your control environment you could:
  • provide comfort over your organisation’s control environment to key stakeholders;
  • retain and attract international business from listed and public interest organisations;
  • improve audit efficiency for your clients;
  • reduce the burden on your resources from your client’s audits;
  • gain competitive advantage with prospective clients.
Why Moore Stephens?
  • You’ll have easy access to the right people whenever you need them, so decisions can be made quickly & confidently.
  • You’ll see a consistent team, so things get done more effectively & you’ll have more trust in the people you work with.
  • As your circumstances change, we’ll give you all the support & guidance you need to deal with new risks & opportunities.
  • If your business & personal interests need to expand, we’ll help make it happen – coordinating advice from a global network of offices in more than 100 countries.
To discuss in more detail, please do get in touch with Sarah Hillary or Alex Traill.

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