| Internal Control is the sum of the organization, methodology, processes, internal audit and financial and |
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non-financial controls established to enable the management to achieve its targets.
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We conduct a detail analysis of the controls to ensure that key control are define,segregation duties exist our analysis we show the red flags in the and internal controls are properly implemented.
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At the and of the analysis we show the red flags of the internal control system ,in our report to the management
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With management demand we carry out the audits in order to ensure our approach focused
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| on the effectiveness of the company's risk management. |
| Internal Control Structure |
| Control Environment |
| 1-Management philosophy and operating style, modeling |
| 2-Effective hiring procedures |
| 3-Clear organizational structure of proper modeling and labeling |
| 4-Effective internal audit department |
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| Accounting System |
| 1-Valid Transactions |
| 2-Properly Authorized |
| 3-Completeness |
| 4-Proper Classification |
| 5-Proper Timing |
| 6-Proper Valuation |
| 7-Correct Summarization |
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| Control Activities or Procedures |
| 1-Segregation of duties |
| 2-Proper procedures for authorization |
| 3-Adequate documents and records |
| 4-Physical control over assets and records |
| 5-Independent checks on performance |
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| Internal Control Weaknesses |
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| *Lack of segregation of duties |
| *Lack of physical safeguards |
| *Lack of independent checks |
| *Lack of proper authorization |
| *Lack of proper documents and records |
| *Overriding of existing controls |
| *Inadequate accounting system |
