Internal Controls

A well-designed and followed internal control system helps your company achieve:

• Operations effectiveness and efficiency
• Reliable financial reporting
• Compliance with applicable laws and regulations

NjengaCPA is ready to provide support in these three areas:

1.  Assessing the operation efficiency and effectiveness of your company’s existing internal controls. Then, we will provide strategic recommendations on how your company can correct deficiencies.
2. Designing strong internal controls that will help your company achieve its objectives and avoid pitfalls and surprises along the way.
3. Ongoing monitoring and a separate evaluation.

Benefits

Properly designed internal controls can help your company hit its performance targets, prevent loss of resources, and allow quick response to changing conditions.

How the service is rolled out

Through a collaborative effort with the governing board or management, we will work on each of the following five internal control components, building them into your company’s infrastructure.

For example, we can:

Evaluate if relevant policies and procedures are present and accessible to employees. For example, we can review your company’s code of conduct and other policies that emphasize the importance of integrity and ethical behavior, etc.

Design or evaluate controls that assist management in dividing duties among different people to reduce risk of error or inappropriate actions.

Design or evaluate controls that ensure transactions are properly authorized (i.e., by a person delegated approval authority) when the transactions are consistent with policy and funds are available.

Design or evaluate if records are routinely reviewed and reconciled by someone other than the preparer in order to determine that transactions have been properly processed.

Design or evaluate controls for top-level review of performance, create metrics to ascertain whether results are consistent with set objectives and goals, and whether the operations are being conducted as planned.

… and more

Get in Touch

At Njenga CPA, we are helping companies like yours to design effective controls or to evaluate the effectiveness of their existing controls.

For a limited time, we are offering a FREE initial consultation to determine how we can best serve you.

Please fill out this form and let us help you!