Published: November 19, 2020
Everyone knows a strong system of internal controls is the best way to deter fraud in your organization, or detect it quickly should it occur. But designing and evaluating internal control systems can be overwhelming. The system needs to be robust enough to detect and deter fraud, but it must also be functional, cost effective and efficient. So where do you start?
Don’t worry, we have tools to help. We recently released new internal control checklists over cash receipting and payroll. You can use these checklists to evaluate your existing internal control systems and identify potential areas for improvement.
These resources are already available for you in our Resources Database. We also plan to introduce more checklists in the months to come, with an accounts payable checklist coming up next.
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