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JB Tax and Accounting Accounting Firm, New Orleans, LA.

Internal Controls

Outside professional evaluation of your internal controls may be necessary to ensure proper handling of resources and to protect your business from employee theft.

We can assess your operating procedures to determine their efficiency and effectiveness and make recommendations to correct ineffective procedures, helping to increase the strength and profitability of your business.

What We do to Assess Your Internal Controls

  • Implement segregation of duties so that no one person has control over all aspects of any financial transaction, thus reducing the risk of error
  • Ensure that transactions are authorized by someone with the appropriate authority and only when funds are available and the transaction is consistent with policy
  • Ensure records are routinely reviewed and reconciled by a third party to determine whether the transactions have been properly processed
  • Ensure the physical security of equipment, inventories, cash, and other property by periodically counting and comparing with item descriptions shown on control records
  • Train and guide employees in their job duties to be certain they can carry out duties as assigned, 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 that provide day-to-day guidance for staff and allow for continuation of duties in the event of prolonged employee absences or turnover
  • Review operations to determine whether results are consistent with objectives and whether operations are being carried out appropriately

If you'd like more information about our internal control services please complete this form to set up a free consultation.

If you'd like more information about our internal control services please complete this form to setup a free consultation.

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