Arguss Advisory helps executive teams build, test or strengthen their control framework: procedures and first-level controls, second-line control, risk management and compliance, internal audit and financial reporting.
Registered office in Fishers, Indiana; operating office in Conakry. On-site engagements in Guinea, the WAEMU countries and the United States.
Weaknesses come as much from the day-to-day running of controls as from governance. We look at both.
Suggested first engagement: SOX and internal control over financial reporting.
The services shown first match the selected country and sector. The scope of each engagement is agreed with you.
Selected for the country and sector chosen.
When: you need to document or test your financial controls.
Documentation and testing of controls over financial reporting.
When: a foreign subsidiary must report its accounts under US GAAP.
Analysis of differences and adjustments between the subsidiary's local framework and US GAAP.
When: your foreign subsidiaries report to head office.
Making the subsidiaries' close and reporting to the group reliable.
When: you work with partners in Africa.
Anti-bribery and sanctions due diligence, review of subsidiary controls.
Financial reporting and US GAAP: see the services
Short engagements with a scope and budget set in advance, giving a clear answer.
A written assessment of what works and what is missing, with a prioritized action plan.
Design and effectiveness testing on a sample of controls.
Review of sensitive areas and a structured evidence file.
Analysis of the controls that failed and a strengthening plan.
Comparison of your framework with the applicable rules and a remediation plan.
Projects run with your teams, through to roll-out.
Identification and assessment of risks by process, linked to your controls.
Writing or rebuilding procedures, with their control points.
Design and roll-out of controls with operational teams.
Control program, testing method and reporting to management.
Incident register, risk indicators and limits submitted to the board.
Compliance, anti-money laundering and anti-bribery program tailored to your business.
Internal control and compliance set up from day one.
Key controls and procedures over procurement, inventory, fuel and third parties.
Action plan and tracking until findings are closed.
Governance and internal control review grid, preparation of the annual review, training for board members representing the State.
Analysis of fraud risks specific to your business and detection controls.
Annual contracts aligned with your board's calendar and your reporting obligations.
Preparation of the internal control and risk reports due to the regulator.
Co-sourcing or outsourcing, working with your audit committee.
Performing all or part of the controls, under your management's responsibility.
Regulatory monitoring, testing and preparation of filings.
Fraud and compliance awareness, tailored to each role.
Board materials and tracking of recommendations.
Periodic review of the framework and support to management.
For US groups with operations abroad and for investors. Management keeps responsibility for the accounts; bookkeeping is not offered.
Analysis of differences and adjustments between the subsidiary's local framework and US GAAP.
Making the subsidiaries' close and reporting to the group reliable.
Targeted analysis of the accounts, without an audit opinion.
Close controls and supporting files.
Engagements in the United States or for US groups operating in Africa.
Documentation and testing of controls over financial reporting.
Anti-bribery and sanctions due diligence, review of subsidiary controls.
Common situations, shown for illustration. They are not client references.
Our engagements take into account the authorities and rules that apply to your business.
| Authority or framework | Area |
|---|---|
| Sarbanes-Oxley Act, Section 404 | Internal control over financial reporting for listed companies |
| OFAC | Economic sanctions and third-party screening |
| DOJ and SEC | Anti-bribery for companies operating abroad, including in Africa |
| FinCEN | Anti-money laundering in financial institutions |
| Professional standards | Internal control, lines of defense, risk management, internal audit |
Indicative, non-exhaustive list. The applicable framework is confirmed with you at the start of each engagement.
Document review, interviews and targeted testing to reach a clear picture.
Risks, procedures and controls written with the teams who will apply them.
A first cycle of controls run with your teams, then adjusted.
Training and tracking tools. The framework belongs to your teams.
Responsibility for risk stays with management and operations. Our job is to give them the means to exercise it.
On-site engagements in French or English.
We work with subsidiaries and regional head offices of groups present in several countries, linking group policies with local requirements.
Scroll the table sideways to see every column.
| Region | Countries | Working language |
|---|---|---|
| Guinea | French | |
| Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo | French | |
| United States | English |
Arguss Advisory is an internal control, risk management, compliance and financial reporting advisory firm. Its founding partner, a CPA, has Big Four insurance-practice audit experience in the United States and more than ten years in audit, risk and internal control across the United States, Europe and West Africa.
Each engagement is led by the founding partner; experienced practitioners are brought in as the scope requires.
Before each engagement, we check that it meets the applicable independence rules.
A confidentiality agreement is signed before any documents are exchanged.
Describe the situation in a few lines. We get back to you promptly to arrange a first conversation.