Internal Controls Services - Barnes, Dennig & Co., Ltd.


Internal Controls International IT Controls Operational Review Pension/401(k)/403(b) Service Organization Controls Valuation/Investigational Upcoming Seminars Client Stories Newsletters	Internal Control Services Every organization faces risks: The risk of fraud, risks to their reputation, the risk of failing to comply with regulations, and of course the risk of competition. A strong system of internal controls will address those risks, establish policies to mitigate risk, and test those policies in action. If you are concerned about the risks facing your organization, Barnes Dennig can help. Our Internal Control Services will provide management with measurable assurances that their facilities are operating effectively and efficiently. Internal Control Review The first step is to determine the risks you face and prioritize them. Then we will meet with management to identify the areas of focus and the existing controls, policies and procedures in place. These areas typically include: Disbursement cycle (payables, wire transfers, checks, purchasing) Revenue cycle (billing, receivables, collections, write-offs) Payroll cycle Information technology (software, hardware, mobile devices) Reputation (public and media relations) We then evaluate the existing controls in place. This typically involves interviews with management and/or staff, site visits and observations of work being performed. We discuss our approach with management prior to commencing. Upon completion of the Internal Control Review, we issue a report of our findings, as well as recommendations and best practices. Internal Control Testing Based on the Internal Control Review, we may suggest - or you may request - detailed testing of the controls in all areas or selected areas. Internal Control Testing entails selecting a sample of actual documents and transactions from your organization to test for adherence to policies/procedures and the effectiveness of the controls. After testing transactions, we provide specific recommendations for improvements and/or best practices. Risks change as technology changes and the company's strategy changes, so it is important that your policies are evaluated and tested regularly. About Us Our audit and accounting staff includes multiple Certified Fraud Examiners (CFEs) and Certified Information Systems Auditors (CISAs). Our professionals can provide assessments, reviews and detailed evaluations for the following areas: Segregation of Duties and Accounting Processes Risk Assessments and self evaluations Cash Controls and Electronic Banking Billing and Collections Payroll Records, Coding and Billing Process Compliance Contracting Evaluation Credentialing Evaluation Information Technology Infrastructure IT Controls for specific applications General IT Department controls Board Governance 33 Principles for Good Governance and Ethical Practices Board self-evaluations	Cynthia C. Padilla, CPA Director Email 513.241.8313 "The internal controls that a company puts in place should address all of the risks the company faces - financial, regulatory, even reputation. Our goal is to provide management with measurable assurances that their facilities are operating effectively and efficiently."