Internal Controls and Policies

What we do for you...

• Implement segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions. We recommend that no one person has control over all aspects of any financial transaction.
   
• Design a system so that people with proper authority approve transactions consistent with policy.
   
• Ensure records are routinely reviewed and reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed.
   
• Make certain that equipment, inventory, cash and other property are secured physically, counted periodically, and compared with control records.
   
• Provide employees with training and guidance to ensure they have the knowledge necessary to carry out their job duties and that they have an appropriate level of direction and supervision.  
   
• Document policies and procedures and make them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and  in the event of prolonged employee absences or turnover, they will provide a smoother continuation of duties.
   
• Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.