Internal Controls Review

Internal control is the design and documentation of an organization’s procedures adopted to safeguard its assets, ensure the accuracy and reliability of its financial records, promote efficient operations, and mandate adherence to approved managerial policies.

An internal control review will assess the existing controls to determine if they are properly designed, implemented and working effectively. The result of our review will be recommendations on how to improve and expand those internal controls.

A strong internal control environment, substantiated with an independent review, will provide assurance of the financial position of your organization to financing institutions and external auditors. This assurance can expedite your annual audit process and comply with potential loan covenants.

Our review process includes:

  • An initial discussion with management regarding the daily processes within your organization to determine the existing internal controls
  • Testing of existing controls to determine compliance and effectiveness
  • Recommendations, based on testing results, to improve the effectiveness and cost efficiency of your organization’s control environment