Internal Controls Review

We assess your internal control to determine the most logical, efficient and effective processes for  your business operations. Then, we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find by:

  • Implementing segregation of duties so that duties are divided among different people to reduce risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.
     

  • Make sure transactions are authorized by a person with delegated approval authority when the transactions are consistent with policy and funds are available.
     

  • Ensure records are routinely reviewed and reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed.
     

  • Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.

  • Document policies and procedures and make them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
     

  • Review operations and determine whether results are consistent with established objectives and goals.