INTERNAL CONTROL SYSTEM
The best way to define an internal control system is as the entire set of financial and other controls that management has put in place to govern how a firm is run. This includes internal audits, internal check systems, and other types of controls.
What Assistance Can Popli and Associates Provide?
Exclusive services in the field of internal control system development are offered by Popli and Associates. We can give a roadmap that would enhance the organization’s control process and help you achieve your goals more quickly and effectively by extending our expert support, understanding of various industries, and experience from similar organizations. Among the general services we offer are the following:
Evaluation of the current internal control system’s efficacy to pinpoint areas in need of development. In addition to identifying deficiencies and suggesting improvements, this entails evaluating the control environment, risk assessment, control activities, information and communication, and monitoring activities.
Offering support for creating and putting into practice policies and procedures that address the shortcomings noted in the evaluation. This entails establishing procedures for authorization and approval, access controls, segregation of roles, and other crucial areas.
