Operating with weak internal controls is similar to leaving the front door to your home standing open each day and hoping no one is tempted to help themselves to your valuable assets while you are away. At times you may need a trained outside professional to evaluate your operations and to perform an internal control risk assessment. Such risk assessments help determine if the appropriate controls are in place to ensure proper handling of resources and to reduce the risk of loss due to fraud, waste, and abuse.
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. We help your agency or department become stronger and more effective by providing recommendations to correct any inefficient or ineffective operating procedures we find.
Effective design, implementation, and operation of an internal control system helps a governmental entity to operate efficiently and effectively, report reliable information about its operations, prepare financial statements (when required), and comply with applicable laws, rules, regulations, contracts, and grant agreements. The "Standards for Internal Control in the Federal Government" (referred to as the "Green Book") issued by the Comptroller General of the United States, and the "Internal Control Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), provide a framework for designing, implementing, and operating an effective internal control system. Our firm assists governmental entities in designing, implementing, and maintaining an adequate internal control system.