Strengthen Internal Controls with Risk Control Matrix
A Risk Control Matrix (RCM) is a structured framework that helps organizations identify risks, map controls, and ensure effective monitoring. It plays a critical role in strengthening internal controls, audit readiness, and regulatory compliance.
N D Savla & Associates helps businesses design, review, and implement Risk Control Matrices aligned with operational, financial, and regulatory risks.
What is Risk Control Matrix (RCM)?
RCM is a document that maps business processes with associated risks and corresponding control mechanisms. It helps organizations identify control gaps and implement corrective actions proactively.
Who Needs Risk Control Matrix?
- Companies implementing internal financial controls
- Listed and IPO-bound companies
- Companies undergoing internal or statutory audits
- Organizations implementing enterprise risk management
- Businesses strengthening governance frameworks
Our RCM Advisory Coverage
- Process risk identification and documentation
- Control design and mapping
- Internal financial controls framework support
- RCM testing and validation
- Audit support and control gap remediation
- Periodic RCM review and updates
Key Benefits of RCM Implementation
- Improves risk visibility and monitoring
- Strengthens internal financial controls
- Supports audit readiness
- Reduces operational and compliance risks
- Improves corporate governance
Why Choose N D Savla & Associates?
Strong Risk Assessment
Structured identification of business and financial risks.
Process Level Mapping
Detailed mapping of risks with control activities.
Compliance Ready Framework
RCM aligned with regulatory and audit requirements.
Control Effectiveness Testing
Evaluation of control design and operating effectiveness.
Continuous Monitoring Support
Periodic review and update of risk control framework.
End to End Advisory
Support from design to implementation and audit stage.
Risk Control Matrix FAQs
What is the purpose of Risk Control Matrix?
It helps identify risks, map controls, and ensure strong monitoring and compliance across business processes.
Is RCM mandatory for companies?
While not mandatory for all companies, it is critical for listed companies, large organizations, and companies implementing internal financial controls.
How often should RCM be updated?
RCM should be reviewed periodically, especially after process changes, regulatory updates, or audit observations.
Does RCM help in audits?
Yes, it provides documented evidence of risk assessment and control implementation, which supports audit processes.
Can RCM help in IPO preparation?
Yes, a strong RCM framework supports internal control reporting and improves investor confidence during IPO processes.