Internal controls help provide a system of checks and balances within an organization, which can help ensure that financial transactions are properly recorded and assets are safeguarded. By implementing appropriate internal controls, companies can improve their financial management, reduce the risk of financial losses due to fraud or mismanagement, and create a culture of accountability.
We work with you to create preventive and detective controls to stop errors from occurring and catch mistakes that pass through the first line of defense. These activities include thorough documentation, authorization practices, separation of duties, reconciliation, and audits.
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