INTERNAL CONTROLS
Internal Controls Management in Northwest Arkansas
You may need a professional to evaluate your company's operations and determine if the appropriate controls are in place to ensure proper handling of resources and protect yourself from internal theft.
A sad fact is that most employee theft is done at the small business level, because often there is little barrier to easily taking cash or products. Small businesses also place a great deal of trust in their people. By not having the proper controls in place, you may be presenting them with the opportunity.
We assess your internal control systems to eliminate the opportunity and send a clear message that IF there is an attempt at theft, it will easily be discovered!
What We Can Do for You
- Implement segregation of duties to reduce risk.
- Make sure transactions are authorized by a delegated authority and consistent with policy.
- Routinely review and reconcile records to determine that transactions have been properly processed.
- Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.
- Provide employees with appropriate training and guidance to ensure they are aware of the proper channels for reporting suspected improprieties.
- Document policies and procedures and make them accessible to employees
- Review operations to ascertain whether results are consistent with established objectives and goals.
