Strong Accounting Processes Don’t Protect from Fraud (Internal Controls Do)
Corporate fraud is prevalent, but much of it is also preventable. Improved governance, enhanced processes and better internal controls can set your company apart from your competitors and protect your financial integrity. Warren Averett’s advisors can help you analyze, document, design, review and test the internal controls that are right for your organization.
Strong internal controls are the key to safeguarding corporate assets, ensuring financial information is reliable and driving your business objectives.
Remediate inefficiencies, reduce the risk of fraud and errors and allow your company to reach your fullest potential. Gain valuable insights to enhance your productivity and, ultimately, profits.
Prioritizing a third-party internal control review tells your stakeholders that you take regulations seriously and that you can be trusted with their information.
To make informed decisions for your business’s future, you have to have a clear understanding of your current systems and processes. It’s easier said than done. Gathering the relevant data, interviewing the proper employees and examining the right documentation can lead you down countless unproductive rabbit holes. And even then, are the policies you have in place actually being followed behind closed doors? Our team’s unbiased, experienced and fresh perspectives can help guide you through the process of improving your internal controls, identifying your risks, adapting to your industry’s best practices and honing your business processes in a way that leads to better business results and stronger safeguards against fraud.
Improve your internal controls for stronger fraud prevention and greater efficiencies through:
Good internal controls are crucial for maintaining trust with stakeholders and achieving long-term success. So, are the internal controls you have in place good ones? Even if they are good, are they being followed? Internal control assessments can help identify and manage risks, strengthen internal control systems and enhance your overall governance and compliance. By allowing our team of experts to reveal financial and security risks, you can establish robust internal controls, improve your reporting accuracy, protect your assets and ensure the integrity of your operations.
Equip your team members with the knowledge to better protect your company against threats and fraud, reduce unnecessary costs and create an edge over your competitors. Taking a proactive approach through internal control education for your employees can strengthen your overall security and compliance posture, leading to more protection and efficiency. Our team of internal control advisors can work with you to create customized training for your people and your goals.
Are you as efficient and effective as possible? We can help you find out. Business process reviews can help drive operational excellence, enable growth, identify gaps in your current processes that leave you susceptible to fraud and foster a culture of continuous improvement within your organization. Our team can help you document things to prevent knowledge loss that comes with employee turnover, and we can help align your company’s resources with your objectives. After an analysis of your processes and systems, our team will provide specific recommendations to ultimately improved financial performance, customer satisfaction and overall success in the market.
Learn more about our team members’ expertise, insights and how we can help you thrive