Internal Controls

Documenting and following proper internal controls can be a time consuming and difficult process.  Our firm can assist you in adopting internal control policies that fits you and helps protect you from possible fraud.  We will also help you document these policies to allow new employees to jump into a new system and know the policies that they need to follow.  When internal control policies are in place, we can come to your place of business and test those policies to make sure they are functioning properly.

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

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 responsibilities, 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 and 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 whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.

 For more information or questions regarding our internal control services, please contact us.