STAY AHEAD

As your business grows significantly, your internal control structure should mature with the business accordingly.  We will assess risk, evaluate your control environment and IT infrastructure and provide you with the best practice solutions tailored to your own business, and help ensure that:

• Policies & Procedures

Formal policies and procedures have been developed and implemented for key processes, to identify roles and responsibilities and proper internal controls, in order to ensure consistency and continuity in managing those processes.

• Budgeting and Planning             
  
  
  

Budgets and plans are prepared to create a shared roadmap for the organization. Business plans factor in opportunities and constraints through a risk assessment exercise.

 

• Board and Senior Management Reporting

Key Performance Indicators (KPIs) are designed and implemented to monitor achievement against goals and objectives.  Board and Senior Management communications allow adequate levels of due diligence, oversight and performance support.

• Financial Close and Reporting

Transactions are recorded timely and accurately, there is adequate segregation of duties, adequate levels of review and authorization, and timely communication of financial results to both senior management and the Board.

• Treasury and Cash Management     
        

Investments are properly authorized, executed timely, and valued accurately.  Banking transactions are adequately authorized, cash receipts and disbursements are safeguarded and accounts are reconciled timely with proper segregation of duties. 

• Revenue Protection and Recognition 

   

Revenue is earned per contractual terms and is adequately supported  and accurately recorded and classified in the proper accounting period, per accounting standards.

 

• Supply Chain

Supply chain and logistics processes and controls provide an efficient and cost effective flow and timely delivery of goods.  We apply the latest technology and best practices within the following:

 

• Procurement and Vendor Management
• Order Fulfillment & Customer Satisfaction
• Shipping and Receiving
• Materials Handling
• Warehouse Management and Accessibility to Inventory
• IT Inventory Management System
• Automated Interfacing with Customers and Suppliers

• Receivables and Payables

Receivables and payables are managed to optimize cash flow and transactions are recorded in the proper period with adequate cut-offs and disclosure of rights and obligations.

• Human Resources and Payroll

Employee selection, hiring and training procedures keep pace with business growth.  Adequate performance assessment and feedback  process are in place.   Payroll and benefits transactions are authorized, complete and accurate, recorded in the proper period and reconciled and in compliance with applicable laws and regulations.

• Fixed Assets                    

Ensuring that fixed assets are managed, tracked and reconciled, valued accurately and adequately safeguarded.

• Tax

Ensure that all tax calculations and considerations, including deferred tax, tax assets and liabilities are made timely and are complete and accurate, and that all tax filings are submitted timely to all relevant jurisdictions.