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Internal Controls

At times you may need a trained outside professional to evaluate your company's operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

What we do for you...

  • Suggest segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.
  • Verify if transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available.
  • Verify if records are routinely reviewed and reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed.
  • Verify that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.
  • Suggest  appropriate training and guidance to ensure employees have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.
  • Suggest policies and procedures and making them accessible to employees. These policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
  • Observe operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.

If you'd like more information about our internal control services please complete this form to setup a Free Consultation.

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