tax planning

bookkeeping

Accounting

IRS

small business accounting

tax preparation

Forensic Accounting

IRS

quickbooks

payroll

cpa firm

small business

payroll tax

IRS

bookkeeping

irs notice

quickbooks setup

quickbooks training

sales tax

corporate tax

Green Bay

bookkeeping

Accounting

small business

Forensic Accounting

IRS

tax preparation

cpa firm

tax planning

small business accounting

payroll tax

irs notice

bookkeeping

quickbooks

payroll

Internal Controls Testing

At times you may need a trained outside professional to evaluate your company's operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.
  

Your internal control systems are assessed to determine the efficiency and effectiveness of your operating procedures.  Recommendations are then made that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

We can assist you to:

  • Implement segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.

  • Make sure transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available.

  • 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, 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 have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.

  • Document policies and procedures and making them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.

  • Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.