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Internal Controls & Operational Reviews

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, or for protection from employee theft.

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. From this assessment, we then make recommendations of corrections to any inefficient or ineffective operating procedures we discover.  Thus, assisting your company in becoming stronger and more profitable.

What we do for you...

  • Implement 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 delegated with approval authority and that transactions are consistent with policies, as well as ensure funds are available.
  • Ensure records are routinely reviewed and reconciled, by someone other than the preparer 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 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.

Operational reviews focus on the operational efficiency of your accounting department. How efficient and effective is the flow of documents and the personnel in your accounting department. Many times, there are a duplication of procedures, ineffective work flow or too many people in the accounting department. Efficiency and the effectiveness of your accounting department will directly affect the profits of your business. If you need assistance, please contact us for a free consultation.

If you would like more information about our Internal Control Services, please complete this form to setup a Free Consultation.

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