Internal Controls Evaluation Service
At times you may need a trained outside professional to evaluate your company's operations. Akram | Assurance, Advisory & Tax Firm can determine if the appropriate controls are in place to ensure proper handling of resources and to protect you from employee theft.
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make tailored recommendations that help your company become stronger and more profitable by correcting those inefficiencies.
What we do for you:
- Implement segregation of duties among different people to reduce risk of error or inappropriate actions - No one person has control over all aspects of any financial transaction
- Make sure transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available
- Ensure records are routinely reviewed and reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed
- Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records
- Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties
- Document policies and procedures and making them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
- Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned
Contact Us Today
Best Accounting Firm | Start-up & Emerging Funds
Akram is a winner in the Hedgeweek Americas Awards for consecutive 3 years 2021, 2022, and 2023
"We have been voted “Best Accounting Firm for Start-up & Emerging Funds”.
Contact Us for Investment Fund Accounting Solutions
We understand that clients in the Alternative Investments arena are extremely prudent. At Akram, we provide high-end, tailored fund accounting services with careful planning and an unmatched responsiveness that only a boutique accounting firm like ours can deliver. Contact us today to learn more about our specialized assurance, advisory, and tax services for hedge funds, commodity trading advisors, private equity and venture capital funds, digital asset funds, insurance dedicated funds, real estate funds, day traders, investors, family offices, and high net worth individuals.