At times, you may need a trained outside professional to assess your company’s operations to determine if appropriate controls are in place to ensure proper handling of resources and protect against employee theft.
We evaluate 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 functions 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 negotiator to determine that transactions have been processed correctly.
- Ensure that equipment, inventories, cash and other assets are physically protected, periodically counted and compared with item descriptions shown in control records.
- Provide employees with appropriate training and guidance to ensure that they have the necessary knowledge to perform their job functions, that they have an appropriate level of direction and supervision, and that they 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 day-to-day guidance to your staff and the continuation of their duties in the event of extended absences or personnel changes.
- Review operations to determine whether results are consistent with established objectives and goals and whether operations are proceeding as planned.
