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.
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 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 operations are being carried out as planned.
If you'd like
more information about our internal control services, please contact our office.