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. We then make recommendations to help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

What we can do for you:

  • Implement segregation of duties so responsibilities are divided among different people to reduce risk of error or inappropriate actions. One person should not have control of all aspects of individual financial transactions.
  • Make sure transactions are authorized by a person delegated with approval authority.
  • 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.
  • Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to complete their job duties. Ensure they are provided with an appropriate level of direction and supervision and are aware of the proper channels for reporting suspected improprieties.
  • Document policies and procedures, while also making 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 to ascertain results are consistent with established objectives and goals and that 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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