Internal Controls

An appropriately designed internal control structure can ensure proper handling of resources and protect you against fraud and allow your organization to meet its objectives.

What we can do:

• Design procedures to insure:

• Duties are segregated among different people to reduce risk of error or inappropriate actions. 
• Transactions are authorized by a person with appropriate approval authority and are consistent with policy.
• Records are routinely reviewed and reconciled by someone other than the preparer or transactor, to determine that transactions have been properly processed.
• 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 make 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.     
 

Please call if you have questions about our internal control services or complete the form below to setup an appointment: