Process, Risk & Controls
Auditors, boards and lenders increasingly ask how a business controls its money, not only what its accounts say. We document how each process runs today, identify the risks, and set out controls that fit the size of the business, so that responsibilities and approvals are recorded.
When clients call us.
- “The auditor has reported weaknesses in internal financial controls.”
- “Approvals are given on calls and messages and leave no trail.”
- “A key process depends on one employee.”
What you receive.
- Controls that leave evidence
- Less reliance on individuals
- Fewer repeat audit observations
Risk and control matrix
Each risk linked to a control, the person responsible and the evidence it produces.
Standard operating procedures
Step-by-step procedures written for the staff who carry them out.
Delegation of authority
A schedule of who may approve what, and up to what amount.
Monthly exception checks
Reviews of the transactions that carry the most risk.