Internal Controls
Precision, Protection
Strengthening Processes,
Ensuring Integrity
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.
In 1984, when the Office of Management and Budget (OMB) Circular A-133 went into effect, the goal was to gain consistency and uniformity in reporting how federal funds were spent across federal agencies. Now the focus is to reassure the American taxpayers that their money is being spent wisely.
What we do for you...
- Implement 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.
- Make sure transactions are authorized by a person 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.
- Provide employees with appropriate training and guidance to ensure they 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.
- Document policies & procedures & making them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff & continuation of duties in the event of prolonged employee absences or turnover.
- Review 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
Opportunities That Inspire Growth
Empowering Talent, Building Futures
We are dedicated to providing opportunities that inspire personal and professional growth. By nurturing talent, encouraging continuous learning, and fostering a culture of innovation, we help individuals thrive and achieve meaningful success in their chosen career paths.
