At times, you may need a trained outside professional to assess your business operations to determine if the appropriate controls are in place to ensure proper management of resources and protect against employee theft.
We evaluate your internal control systems to determine the efficiency and effectiveness of your operating procedures. We then make recommendations that help make your business stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.
WHAT DO WE DO FOR YOU?
- Implement segregation of duties so that duties are divided or segregated among different people to reduce the risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.
- Ensure transactions are authorized by a person with delegated approval authority when transactions are consistent with policy and funds are available.
- Ensure that records are routinely reviewed and reconciled by someone other than the preparer or dealer to determine that transactions have been processed correctly.
- Ensure that equipment, inventories, cash, and other assets are physically protected, regularly counted, and checked against item descriptions shown in control records.
- Provide employees with appropriate training and guidance to ensure they have the knowledge to carry out their job functions, have an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected wrongdoing.
- Document policies and procedures and make them accessible to employees. Documented policies and procedures provide daily guidance to your staff and continuation of their duties in the event of extended absences or personnel changes.
- Review operations to determine if results are consistent with established objectives and goals and if operations are being carried out as planned.
