A
n internal control system that is robust will be able to meet the demands of a growing business and produce intangible benefits for it. A good internal control system should be both preventive and detective. The preventive control activities aim to prevent undesirable activities from happening, whereas the detective control activities identify undesirable occurrences after the incident via reconciliation.
As our client, we will work with you to create systems that support a strong internal control framework including but not limited to devising procedures around monthly control accounts, review of IT systems and software, establish system for authorising expenditures.
For more information on internal controls, please contact us.