Let’s face it, dealing with internal controls from time to time can be a headache and can certainly get out of hand. The power of an organized internal control structure yields a plethora of benefits in terms of cost efficiency, reduced workload, fewer headaches, and happier employees – You know what they say, Organized People Play™.
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Tags: Sarbanes-Oxley Articles & Information, Process Improvement, Bay Area Accounting Professionals Mixer, CPE, Sarbanes-Oxley Training, Sarbanes-Oxley, Internal Control Education, Sarbanes-Oxley for Non-Profits
It's an exciting month here at Vibato! Check out new website, CPE events, and informational resources!
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2 Minute Vlog Accounting Tip of the Day: How to Organize Internal Control Testing Samples
In less than 2 minutes, learn about how to organize internal controls test samples into binders for easy delivery and review by external auditors and stakeholders.
The only way to get ahead of your accounting department's workload is to document your internal procedures and build your organization in a way that would allow for it to operate without you. Now, a lot of people may be asking, "if I did that, what would the company need me for?" That is just the kind of thinking that is holding you back. On the contrary, if your organization is dependent on you, then it is also limited by your abilities and availability which may be why you are currently working so much and watching your personal life go by out of the window of your office. Read the book "The E-Myth Revisited." The accounting department is the transaction hub of any organization and it is essential that it operates as efficiently and effectively as possible to ensure the ability of your company to scale. Work hard on bridging the gaps between tribal knowledge and global, world-class thinking…and then you may be able to go play a little!