Risk Analysis and Management Services
It seems that corporate fraud and theft are constantly in the news these days. Yet far more of these activities are taking place than are actually reported. Normally these fraudulent activities take place in companies lacking sufficient controls. But even if an organization is free of fraudulent activity, certain weaknesses in its internal control systems can result in significant errors that have a direct impact on its bottom line.
All companies have these control issues – including yours. New operational processes, IT changes, and personnel moves only exacerbate these problems. In fact, the controls you have in place today can become outdated tomorrow.
Our Risk Analysis and Management Services make strategic use of outside expertise to independently document and assess the existing system of internal controls. From this, we can provide your management team with improved procedures.
WGD’s team of highly experienced CPAs has specific expertise to provide customized solutions to your internal control dilemmas. These services include the following:
- Documenting current systems of control and conducting “walk-through” tests
- Designing procedures for enhanced controls over your revenue and receivables, payables and expenses, and payroll and fixed assets systems
- Suggesting improvements to an entity’s current system of internal control
- Providing comments on the potential repercussions of the identified internal control weaknesses
- World-class capabilities – we have an entire firm of highly trained personnel at all levels of experience and with diverse areas of expertise. This means we're equipped to address the unique accounting and planning needs of each business – a task that few if any small businesses are able to handle internally.
- Improved company focus – when you trust us with the burden of managing your accounting functions, your CEO and management team are free focus on growing the business.
- Improved internal control – we'll help your organization eliminate many of the internal control weaknesses that are inherent in closely held businesses.