It is not just large businesses that need to worry about Internal Controls. Small businesses are the most frequent victims of fraud and suffer a disproportionate amount of financial loses compared to larger operations. Most fraud can be contributed to a lack of internal controls. Modern Wave Consulting specializes in creating Internal Controls for small businesses that can be easily integrated in to your day to day business and help ensure your money and assets are protected.
The following are some examples of Internal Control challenges that Modern Wave Consulting can create customized controls for your business and provide another layer of protection:
- Separation of Duties
- Polices and Procedures
- Documentation
- Oversight and Review
- User Access Rights