Have an Internal control expert reduce the risk

1
Have an Internal control expert reduce the risk
for your business

• What leads to the problem?
• Managers in most organizations come under
  numerous demands. An enormous challenge awaiting
  them is attracting new business. Other challenges
  include quality delivery and administration. One
  other challenge that carries enormous
  consequences but is generally over looked is
  effective system of internal control. The problem
  is that very often too much of reliance is placed
  on trust. This is the leading problem behind
  frauds, inappropriate allocation of resources,
  bad decisions and improper reaction to errors.

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What is internal control?

• Internal control refers to the procedures and
  processes that any organization has in place for
  safeguarding the assets while enhancing the
  accuracy and reliability of finance information.
  It is also necessary for complying with the legal
  and financial obligations. Smaller organizations
  face challenges in implementing controls. This is
  because achieving the task with a small team can
  be difficult.

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Ensuring effective internal control through an
expert

• An effective internal control can be easily
  ensured with the help of an expert. The expert
  will start by tuning the tone of the top
  employees of the organization. This is because
  the managers and the owners have to demonstrate a
  strong commitment for ethical behavior while
  supporting the operations of controls. Specific
  codes of conduct need to be established and
  communicated to all the members of the business.
  These members also need to be engaged in
  employment agreements. This is needed as the
  hiring process should go through careful
  consideration and be open to references and
  background checks.

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• The business controls and processes need to be
  clearly defined and documented. This would serve
  not only towards supporting internal control but
  also act in training the new staff. This way
  value would be added to the organization. It will
  also serve to reduce the risks associated with
  the departure of one or more key employees of the
  business. An effective way of identifying the key
  controls is thinking about what could possibly go
  wrong. After that some practical steps need to be
  identified that would prevent the onset of
  problem.

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• These are a few of the many important ways in
  which an internal control expert would ensure
  quality internal control. An experts assistance
  would do wonders in establishing an effective
  environment. It will also make sure that your
  controls happen to be practical aside from
  supporting efficient business operations. They
  would also be cost effective. However, you should
  know that the risks will not be entirely
  eliminated.

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Contact Details

• Telephone [phone]    
• Website http//cflcoaching.com.br/en
• Address Av Juruce, 552 - apt 31Sao Paulo,
  04080012
• Email carlos_at_cflcoaching.com.br
• Thank you.