INTERNAL CONTROLS EVALUATION
Our firm evaluates and assess your Company’s internal control systems to
ascertain the efficiency and the effectiveness of your operating procedures. We
design compliance tests to obtain the necessary evidence to correct, when
necessary, procedures not effective for the business operations.
In this area we make recommendations to help your company to establish the
following controls when not implemented:
Segregation of duties properly distributed among different employees to
reduce errors or inappropriate actions.
Approval of transactions by authorized personnel established by
management.
Ensure records are routinely reviewed and reconciled by someone other
than the preparer to determine that transactions have been properly
processed.
Make sure that cash equipment, inventories, vehicles, and other property
are secured properly, counted periodically, and compared with control
records.
Provide training and guidance to employees about their positions.
Document established policies and procedures.
When the evaluation of internal controls is completed, the company’s operations
will include the appropriate systems in place to ensure proper handling of the
resources and protect against possible fraud.