Internal Control Reviews

Internal control is all of the policies and procedures management uses to achieve the following goals:

• Safeguard company assets – well designed internal controls protect assets from accidental loss or loss from fraud.
• Ensure the reliability and integrity of financial information – internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.
• Ensure compliance – internal controls help to ensure the entity is in compliance with the many federal, state, and local laws and regulations affecting the operation of business.
• Promote efficient and effective operations – internal controls provide an environment in which managers and staff can maximise the efficiency and effectiveness of their operations.
• Accomplishment of goals and objectives – internal controls systems provide a mechanism for management to monitor the achievement of operational goals and objectives.

Mizael Partners specialises in helping businesses to ensure they have everything in order.