Service Detail
Internal Controls & Process Optimization
Design and implement robust financial controls, approval workflows, and automation aligned with COSO framework principles.
Technical Components
Control Design (COSO Framework)
- •Control Environment: Establish tone at the top, organizational structure, and governance
- •Risk Assessment: Identify and assess financial reporting risks and fraud risks
- •Control Activities: Design preventive and detective controls, authorization controls, and segregation of duties
- •Information & Communication: Establish financial reporting systems and communication protocols
- •Monitoring Activities: Design ongoing and periodic monitoring procedures
Segregation of Duties
- •Authorization Segregation: Separate authorization from recording and custody functions
- •Recording Segregation: Separate recording from custody and reconciliation functions
- •Reconciliation Controls: Independent reconciliation of accounts and systems
Process Automation
- •Workflow Automation: Design and implement approval workflows using system-based routing
- •Integration Design: Connect accounting systems with operational systems for automated data flow
- •Exception Reporting: Automated alerts for unusual transactions or control violations
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