Internal control review is important for strategic sourcing, risk management, fraud prevention and quality assessment. Our team brings objectivity to your internal control processes to improve your organization’s operations, help you maintain an effective system and meet government and accounting requirements.
With today’s increased scrutiny of internal control processes, it’s more important than ever to have a systematic, disciplined approach. The scope of internal auditing within an organization is broad and may involve topics such as the efficiency of operations, the reliability of financial reporting, deterring fraud, safeguarding assets, and compliance with laws.
At Ipocampus Holding Odoni Partners, we will evaluate the adequacy of segregation of duties, transfers of accountability, supervisory reviews and approvals, reconciliations, physical safeguards over cash, checks and critical forms as well as the existence of written procedures.
Our team also provides ongoing staff training and assist with financial reporting COSO's (Committee of Sponsoring Organizations) five components: