Internal Controls Evaluations
As an integral part of our assurance services at HCVT, we evaluate the efficiency and effectiveness of key controls within specific accounting related business cycles (e.g. cash receipts, cash disbursements, payroll, purchasing and accounts payable, sales and accounts receivable, inventory, fixed assets, etc.) based on a specialized risk-based approach we determine in collaboration with your management team.
Our involvement includes: a) gaining an understanding of the current process and key business risks through interviews and review of documentation; b) documenting, as needed, the existing system of internal controls; c) assessing the design and operational effectiveness/efficiency of key controls within the selected accounting related business cycles; and d) providing a summary of our observations and recommendations.
Other engagements, depending on your needs, may include assistance in designing accounting policy manuals, developing job descriptions and responsibilities or creating accounting controls to ensure segregation of duties.
If you're interested in speaking with a specialist, contact John Kishi at (310) 566-1900.