Internal Control Reviews

A strong internal control environment is an essential key to ensuring that businesses remain thriving, vital organizations for many years to come. Smith & Howard provides reviews and evaluations that help identify potential weaknesses in internal controls and provide practical recommendations to improve internal controls and reduce risk. We help our clients identify, develop and test internal control policies and procedures within business process and information technology environments.

Our program considers several key areas, among them:

• The correctness of systems or procedures used to create the audited financials.
• The efficiency and effectiveness of internal reporting mechanisms and controls.
• The appropriateness of the level of responsibility and accountability among staff.

To gain assurance on the strength of internal controls, we review components that can have a pervasive effect on a business. They are:

1. Control Environment
2. Risk Assessment
3. Control Activities
4. Information and Communication
5. Monitoring

Internal control reviews are an important element of our assurance services. Please contact us for more information.