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Internal Controls

Internal Controls Services Available - Logan & Associates Ltd.

At times you may need a trained outside professional to evaluate your company's operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect your business from employee theft.

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

What we do for you...

  • Implement segregation of duties so that duties are divided among different people to reduce the risk of errors or inappropriate actions. We help to ensure that no one person has control over all aspects of any financial transaction.
  • Make sure that transactions are approved by a person with appropriate authority and that transactions are consistent with policy and funds are available.
  • Ensure records are routinely reviewed and reconciled by someone other than the preparer or transactor in order to determine that transactions have been processed properly.
  • Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.
  • Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to carry out their job duties, 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 and make them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
  • Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.

If you'd like more information about our internal control services please complete the form below to setup an appointment.

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