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Internal Controls
Strong internal controls are a good business practice for all organizations, whether or not they are required to comply with Sarbanes-Oxley (SOX).  Armanino’s internal control specialists work with a wide range of public and private companies to create more effective internal control structures and improve operations.

Our seasoned team has significant industry, Big Four and professional services experience with public and private companies, including pre-IPO companies.  We offer a range of services to meet the specific risks and needs of your organization.

Operational Audits
Our specialists will review your current internal control structure and provide you with a detailed evaluation, including recommendations for strengthening the internal control system. The audit also gives you an independent evaluation of the efficiency of your current operations.

If your business needs to implement internal controls, our operational audit will typically start with a top-level evaluation of the risks inherent in your operations.  Using this analysis, we provide you with a risk rating, prioritizing the processes, functions and cycles that require an internal control review. Once the review is complete and our recommendations are implemented, we conduct periodic audits to ensure that the internal control procedures are in place and functioning as designed.

Internal Control Evaluations
For small companies, or those that do not need an ongoing internal audit presence, we offer internal control evaluations.  This is an efficient, cost-effective way to analyze specific segments of your operations, such as the:

  • Cash receipts cycle
  • Accounts payable cycle
  • Information systems
  • Cash-handling procedures and controls
  • Relationship between sales, purchases and inventory

Much like an operational audit, we provide you with a comprehensive analysis of the areas reviewed, including recommendations for strengthening and streamlining the internal control system. 

Whatever your needs are, you can rely on Armanino for customized, cost-effective service that helps you optimize your organization’s internal control process.

Resources

Material Weakness: Causes, Prevention & Impact on Audit Fees

Two years after the material weakness disclosure, audit fees in our study were 64% above the average fees of $599 per million of revenue. Gain best practices to a ...

How to Detect & Reduce the Risk of Fraud

When it comes to your nonprofit, it is important to be on the lookout for the warning signs of fraud. implementing strong financial controls can help protect your organization.

3 Steps to Help Mitigate Digital Risk

Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

Cybersecurity Company Exercises the Option to Improve Equity Management

Leading cybersecurity company selects Certent and Armanino to streamline equity management for compliance and accelerated reporting.

The Return of a Stable Economy Could Pose New Business Risks

The markets are up. Companies are hiring again. And while it’s good news that earnings and profitability are up, for many companies there are still headwinds and concerns in the marketplace. One of those concern ...

Royalty Audits Can Recover Revenue and Protect Property

Whether its software, technology, music, or manufacturing designs, when a company licenses its intellectual property, it obviously expects to be paid. Unfortunately, payment doesn’t always happen on auto-pilot. ...

Changes to the SAS 70 Landscape

The American Institute of CPAs (AICPA) recently issued the new controls auditing standards that build on and replace the almost twenty-year-old SAS 70 standards and will affect reports issued after June 15, 2011.

IRS to Increase Investigations of Nonprofit Hospitals and Other Exempt Orgs.

Federal tax authorities in February 2010 launched an initiative to expand its scrutiny of the employment tax practices of nonprofit hospitals and other tax-exempt organizations, and Armanino experts say the initiative ...

Five Keys to Success for Your SAS 70 Project

A SAS 70 project requires careful planning, execution and communication between the company and the SAS 70 consultant. Since another company’s auditors will be relying on the SAS 70 report generated, getting it ...

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