Internal Controls

Internal Controls

Although you may think that you have everything in your business under control, it is sometimes best to have an evaluation from an external professional for a trained expert. Are you absolutely sure that your resources are being handled efficiently and you are fully protected from employee theft?


Our fully-trained professional will assess any control systems that you have in place and advise on whether all of your operating procedures are fully effective. We will report and make recommendations from the ground up for your company to operate at its strongest and most efficient to compete in the current difficult financial climate.

We can add safety and efficiency to your business in the following ways:
  • Ensuring that the risks of error or inappropriate actions are eradicated by splitting duties between staff. More than one person will be involved in any financial transaction.
  • Delegating a person with powers of approval that any transaction is in line with company policy and that funds are available.
  • Checking that all records of transactions are routinely reviewed, reconciled and properly processed by staff other than the person who has carried out those transactions.
  • Physically securing, counting and comparing equipment, cash and other property and comparing with item descriptions on control records.
  • The provision of employee training and guidance with the necessary knowledge for carrying out their duties with the appropriate level of direction and supervision.
  • Making staff aware of the proper channels for reporting suspected improprieties.
  • Ensuring that all employees have access to company documentation on the policies and procedures for guidance and the carrying-out of duties in the event of prolonged staff absence or high employee turnover.
  • Monitoring whether company objectives and goals are realistic and whether they are being carried out to their full potential by the staff as planned.

 

 



 

 

 

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