Internal Control Audits
Internal control audits are designed to ascertain that there are adequate internal controls in place to safeguard corporate assets from misappropriation, defalcation or error, proper recording of all corporate transactions, and provide management with the proper financial reporting and controls to effectively manage the business.  Internal controls must be evaluated in the constraints of the corporate organization and the costs and rewards of increased controls.  Testing of the system to ascertain compliance with the internal control system in place results in a report to management.  The report identifies weaknesses in the current system, areas of failed compliance and suggestions as to alternative or additional internal control procedures that should be in place.  Periodic follow up reviews are often recommended.

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