What is this?

Internal controls are all of the processes used to help an organization accomplish specific goals.  They play an important role in preventing and detecting fraud and protecting the organization's resources.  Internal control objectives range from the proper execution of approval steps to the reliability of financial reporting and compliance with laws and regulations.

During an internal control study engagement, Pry Professional Group evaluates the strength and effectiveness of your internal control processes in each major area of your business by evaluating accounting policies to actual practice, performing control tests, assessing any identified control deficiencies, and reporting on overall effectiveness.

How does it help me?

After an internal control study, we will provide you with a roadmap of identified areas for improvement and suggestions for corrective action.  This service will help your business mitigate fraud risk, identify procedural areas that should be better documented, and identify areas lacking segregation of duties.  Additionally, we can help you update your accounting procedures manual and educate your staff on the importance of following those procedures.

Who do I contact for questions?

For more information on using the Pry Professional Group assurance process to create greater operating efficiency and growth for your company, contact Nikki Clement at nclement@PryGroup.com or 419-423-4481.

What do I need to bring?

Prior to the start of an internal control study engagement, we will provide you with an “items needed” list that specifies all of the documentation we will need to complete this service.  In general, we will need copies of your accounting policy manual(s) and employee manual(s), as well as access to your staff for interviews regarding internal control issues. 

Security is very important to us, as we are sure it is to you.  Any information you have in electronic format (Word, Excel, PDF, etc.) can be uploaded to Pry Professional Group through a personal, secure portal that we will create for you.