Risk and internal control support involves review of selected processes, documentation flow, reporting controls, accounting controls and compliance practices according to the agreed scope.
The work may include review of authorization procedures, segregation of duties, documentation gaps, reconciliation processes, reporting practices and compliance follow-up systems. Observations are communicated for management consideration within the limitations of the agreed engagement.
Internal control work does not guarantee detection of all errors, fraud or non-compliance. Management remains responsible for designing, implementing and maintaining appropriate control systems.
Need assistance with this service? Contact C.M. & Associates to discuss the scope and documentation requirements.
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