All too often internal control is viewed negatively and mistaken as "red tape" or plain "bureaucracy". I've found that internal control can mean different things to different people. This difference in perception can cause a lot of confusion and unnecessary friction within an organization.
However, if you look closely, you’ll find that internal control is much more than just checks and balances. Rather, internal control is a dynamic process that can span an entire organization.
In essence, internal control is any action, procedure, or operation that helps increase the likelihood that an activity or function within an organization will achieve its objectives. In fact, a properly functioning internal control process will provide an organization's stake- holders with a sense of comfort as to:
n The effectiveness and efficiency of operations
n The reliability of internal and external reporting
n The degree of compliance with laws and regulations
Organizations that view internal control as a strategic tool rather than just an administrative routine are better positioned to take advantage of their opportunities.
I offer the following services, which are designed to help your organization establish and maintain a strong and effective internal control environment:
n Internal Audits & Assessments
n Continuous Internal Control Monitoring Programs
n Inventory & Asset Verification
n Internal Control Design & Implementation
n Deficiency Remediation
n Policies & Procedures Development
n Business Process Mapping & Reengineering
n Continuous Business Process Improvement Programs
n Professional Staff Augmentation & Co-Sourcing
n ACL Implementation & Optimization
n Quality Assessment Reviews
n Internal Audit Transformation