Effective Internal Controls for a Stronger Business
Internal controls are essential to the success of any organization. These controls help protect your business from financial losses resulting from errors, fraud, or theft. Our team at Integris Financial Services can evaluate your company’s operations and internal control systems to ensure that they are effective and efficient in their operating procedures. We provide recommendations to help your business become stronger and more profitable.

Segregation of Duties
Segregation of duties is an essential element of an effective internal controls system. It involves dividing duties among different employees so that no one person has control over all aspects of a financial transaction. This helps reduce the risk of errors or inappropriate actions by any one individual. Our team can help you implement segregation of duties to ensure the appropriate handling of resources.

Authorization and Approval
Proper authorization and approval of financial transactions are critical components of internal controls. We can ensure that transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available. This helps prevent unauthorized transactions and ensures that all transactions are properly authorized.

Record Keeping and Reconciliation
Record keeping and reconciliation are essential for maintaining accurate financial records. Our team can ensure that records are routinely reviewed and reconciled by someone other than the preparer or transactor to determine that transactions have been properly processed. We can also help ensure that equipment, inventories, cash, and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.

Employee Training and Guidance
Providing employees with appropriate training and guidance is critical to the success of any organization. Our team can help ensure that your employees have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.

Documentation and Accessibility
Documenting policies and procedures and making them accessible to employees is essential for ensuring the smooth operation of your business. Our team can help document policies and procedures and make them accessible to your employees. This provides day-to-day guidance to your staff and ensures the continuation of duties in the event of prolonged employee absences or turnover.

Operations Review
Reviewing operations is critical to ensuring that your business is achieving its objectives and goals. Our team can review your operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.