Internal Control Implementation

Does your company prepare bank reconciliations on a monthly basis?

Preparing bank reconciliations on a monthly basis helps detect fraud or errors.

Does your company submit invoices for goods or services on time?

One of the keys to good cash flow is making sure that clients/customers are billed on time.

Does your organization pay their bills on time?

One of the keys to taking advantage of discounts and maintaining good credit standing with vendors is paying bills on time.

Are invoices or bills properly reviewed prior to being entered into the system for payment?

Does your employee sign off on their time card?

Does management review the time card and also implement a policy that there is no overtime without prior approval from management?



My job is to help review and implement various internal control procedures to assist the company operate more efficiently and effectively.

Preparation or review of bank reconciliations:

• Helps to prevent fraud
• Helps to ensure the accuracy of the financial statements

Assist with the implementation of internal controls for the following departments:

• Accounts Receivable
• Accounts Payable
• Payroll
• Implementing internal controls for the above departments helps to ensure that the organization maintains records that could pass a financial audit
• Proper internal controls help to ensure the accuracy of the financial statements, and also helps to prevent fraud
• Maintaining proper segregation of duties helps to prevent fraud