The Intercompany Transactions Health Wheel
A practical self-assessment tool designed to spotlight strengths and vulnerabilities across eight critical dimensions of intercompany transaction management.
Score your group from 0 to 5 on each dimension and see where the gaps are — before an audit finds them for you.
Eight dimensions, scored 0 to 5
TP policies & price setting
Intercompany agreements, corporate governance & ringfencing of risk
I/C transaction management and monitoring
TP documentation & compliance
Financial & operational data
Statutory accounts & CT filings
Trade compliance, tariffs, WHT, VAT, and exchange control
IP protection & DEMPE alignment
Why audit readiness needs a system, not a checkbox
Many organisations only prioritise audit readiness after a crisis hits — which is a bit like waiting for the house to catch fire before installing smoke alarms.
The Health Wheel is designed to help organisations take stock before the audit arrives — not after. It prompts professionals to ask: if an audit landed tomorrow, could we produce the evidence to support our positions across all eight dimensions?
When asked to self-assess, many professionals confidently rate themselves a 5. But comfort isn’t readiness — and confidence can mask critical gaps. A true score of 5 requires clear evidence that compliance is satisfactory in all material respects, and documented processes and systems to maintain it.
Key for self-assessment ratings
- 5 = Fully satisfactory
- 0 = Totally unsatisfactory
Score each of the eight dimensions in turn, then plot them on the wheel to see the shape of your group’s readiness at a glance.