Internal Control
Organizations/companies could not fully achieve their said objectives due to a lack of appropriate internal control in place. Internal control as defined by accounting and auditing is a process for assuring an organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. It is an essential part of any company’s success. Internal control is an organizational function(s) that helps companies manage the risks posed by their activities/operations.
How we Protect your Business with our Internal control Services
We review the existing policies, plans and procedures of a company if any,
and re-model it to safe guard the cash and non-cash assets within the operations of your business.
We will review on scheduled visit to your office all records and relevant documents to ensure accurate records are maintained. And report to management any inaccurate record and work with Management to correct the anomalies for both internal records and external reporting.
Our Accounting firm shall identify problems or issues within the company before they become too large to handle and work with the unit Head with management approval to solving the issues.
Why you need Internal Control?
- To provide reasonable assurance that material objects are being protected
- To ensure actions and transactions are being executed in accordance with the established policies, plans and procedures of the company.
- It ensures accurate records are maintained.
- It contributes to an organization’s ability to produce reliable financial statement documentation and recordings.
- It helps managers to identify situations and issues within the company before they become problems.
