Internal Control ReviewsPDF
The right internal controls over financial reporting are critical to every business. Failure of a preventative or detective control or a poorly designed control can lead to inaccurate financial reporting. We help business owners like you understand the strength of your internal control environment using our risk- based review process that identifies areas of risk and improvement. Our engagement process is summarized below:
- Gain an understanding of the current process and key business risks through interviews and review of documentation
- Document, as needed, the existing system of internal controls
- Assess the design and operational effectiveness/efficiency of key controls within the selected accounting related business cycles
We also help our clients design accounting policy manuals, develop job descriptions and responsibilities and create controls to help ensure segregation of duties.