Internal Controls
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 yourself from employee theft. NWBSS can assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then, we would like to make recommendations that will help your business become stronger and more profitable. We correct any inefficient or ineffective operating procedures found so you have confidence in the bookkeeping processes in place.
What NWBSS will do for you…
- Implement segregation of duties among different groups of people toreduce risk of error or inappropriate actions. No one person has control over of all aspects of any financial transaction.
- Make sure transactions are authorized by a person who has delegated approval authority. When the transactions are consistent with policy and funds, your procedures are well established.
- Ensure records are routinely reviewed. We will ensure that the books are reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed.
- Make certain that equipment, inventories, cash and other property are secured. This includes physical counts that are done periodically or annually. This is compared with item descriptions shown on control records.
- Provide employees with appropriate training and guidance. NWBSS can ensure your employees have the knowledge necessary to carry out their job duties. We provide appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.
- Document policies and procedures. We will make these policies easy to understand and make them accessible to employees. The documented procedures provide day-to-day guidance to your staff. The continuation of duties in the event of prolonged employee absences or turnover is covered as well.
- Review operations to ascertain whether results are consistent with established objectives and whether the operations are being carried out as planned.
