IFC Services
Internal Financial Control
Establishment of Internal Financial Controls in any entity ensures orderly and efficient conduct of its business, including regulatory compliance and prevention and detection of frauds and errors, thereby covering not only the controls over reliable reporting of financial statements but also include all other controls pervasive across the business.
- Drafting the Standard operating procedures (SOPs) for various business processes
- Review & establishment of policies and procedures to mitigate financial risks through various control actives
- Designing comprehensive flow chart defining the roles and responsibilities of all the key personnel of the company
- Identification of respective process owners and estiablishing the roles and responsibilities based on their competence & expertism
- Process oriented approach in identifying the significant gaps
- Drafting appropraite Risk control matrix for respective business processes
- Walkthrough of the existing controls in place and identification of the deficiencies in the controls;AS-IS Process documentation
- Control oridentied approach in mitigating the risks identified
- Providing appropriate recommendations in establishing various controls
- Testing the operating effectiveness of controls designed & implemented
Testimonials
What our clients say
Thanks to Avaasa, we now have complete control over our financial operations. Their tools are designed to minimize risks, and their expert team ensured a seamless integration into our existing system. It has been a game-changer for our company.
Avaasa’s accounting solutions transformed the way we manage our finances. Their innovative approach helped us identify potential risks early, allowing us to take proactive steps to secure our business. Highly recommend their services!
Avaasa’s accounting software helped us streamline our financial processes and protect our business from unexpected risks. Their team is knowledgeable and responsive, always available when we need support.
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