Geox is a group that since the beginning of the brand has focused its business model on the international dimension. Operàri had the chance to test its reliability and commitment during four past assignments that have been completed with mutual satisfaction.
Geox is a group that since the beginning of the brand has focused its business model on the international dimension. the group’s growth has been very intense in a few years and in this short period there were already about 20 entities in Europe, America and Asia. Geox expects that its suppliers express themselves always at their best. Operàri had the chance to test its reliability and commitment during four past assignments that have been completed with mutual satisfaction.
The growth of the group and of the more and more important affiliates increases the need for a greater knowledge and control of these by the controlling company. Geox asked Operàri to support them in the implementation and startup of a process inside the self- assessment’s group of risk and control of the main company entities. The most important thing that this kind of process needs is of course the effectiveness, but also the practicalness. What really matters is to find an easy solution for the people involved in the process that can be repeated over the time.
the most widespread international framework for the analysis and evaluation of internal control systems was published in 1992 by COSO (the Committee of Sponsoring Organizations of the Treadway Commission); it explains which are the best control practices generally used for the system of internal control. At the beginning Operàri decided to use the example of Geox Group to explain how these control practices could be used successfully by the company using the famous technique known as CRSA (Control & Risk Self-Assessment). To apply this method (CRSA) have been involved the referents of the entities and the heads of the main organizational areas. The best control practices were measured with each entity of the group to give a final judgment, in particular were examined at any level:
- at group level for each component of the system of internal control
- at entity level for each component of the system of internal control in comparison with group’s values and between the affiliates and the controlling company.
- at individual area level of each entity always for component of the system of internal control in comparison with the values of the group, of the entities and of the organizational area.
in addition to the representation described in the Geox group’s system of internal control is also possible to add other important information and data that can be useful to comprehend the control system of the affiliates thanks to the instruments already used in the project.
the information obtained on the internal control system of the entities inside the group (taken by the process implanted) represent an essential input in setting priorities and planning based on the risk of internal audit activity (IIA professional standards of performance n ° 2010 "Planning").
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