Services / Internal Audit and Controls
Internal Audit & Controls
How your finance processes actually work, and what to do about the gaps.
Most control failures are not fraud. They are a process that made sense when there were six people and nobody revisited it at sixty. One person still approves and pays. Access was never removed when somebody left. The reconciliation is done by whoever has time.
None of that is dramatic and all of it is expensive eventually. We look at how things work in practice rather than how the manual says they work.
What this covers
Process review
Walking through your finance processes as they are actually performed, which is regularly not what is documented.
Control design assessment
Whether the controls in place address the risks that actually exist in your business, and whether anything important is uncovered.
Testing
Sample based testing of whether controls operated as intended over the period, not just whether they exist on paper.
Segregation of duties
Review of who can initiate, approve and record, and where one person holds more of that chain than is comfortable.
Internal audit programmes
A planned programme across finance areas for businesses that need ongoing assurance without an internal audit function.
Practical recommendations
Findings ranked by what they could cost, each with a specific action, rather than a list that gets filed.
Who this is for
- Businesses that have grown faster than their processes
- Companies where a board, investor or lender has asked for assurance over controls
- Owners who suspect something is loose but cannot point at what
Common situations we are brought in for
- Something went wrong recently and you want to know what else is exposed
- Your auditor raised control observations and you want them dealt with properly
- A new investor or lender has asked how the finance function is controlled
- The business has doubled and nobody has looked at the processes since it was half the size