Internal Control Procedures for a Public Company

Internal control procedures help both new and well-established public companies address the following:

    • SEC reporting requirements for Sarbanes-Oxley, section 404(a)
      • Applies to all public companies including non-accelerated filers, emerging growth companies, and accelerated filers 
      • Internal control procedures underscore management’s self-assessment and attestation on the effectiveness of their internal controls over financial reporting
    • Internal controls implementations on a tight budget
      • Financial reporting compliance is one cost of being a public company, so adopting the most efficient and effective internal control procedures are the goal
      • Your company can avoid over-spending on a strong system of internal controls as part of your IPO cost and benefit from an integrated approach to get up-and-running quickly
    • Internal control procedures reduce your risk of fraud and material financial misstatement
      • Strong internal controls can prevent fraud before it becomes a problem, and fraud prevention is significantly less expensive than detection and correction 
    • Questions or concerns raised by your stakeholders
      • Your internal control system may be scrutinized by your auditors, bankers, investors, Board of Directors, etc. They may have specific questions about the quality and effectiveness of your internal control procedures. So be prepared to show them a best-practice, standardized approach that provides full risk mitigation at a very reasonable cost

Contact us to learn more about how we can perform your internal controls implementation in days instead of months, and at a fraction of the cost.

How You Benefit

save time

Save time: Implement a new system of internal controls in days, not months. Or rationalize your existing internal control procedures to help your finance department work faster and smarter. We average 60-80% control count reductions for existing internal controls systems. Leverage our internal controls expertise and integrated approach to get everyone up and running in a matter of days, and reduce your ongoing time and effort.

save money

Save money: Leverage our integrated internal controls solution, based on a standardized approach, to dramatically reduce your implementation and ongoing maintenance costs. We can integrate your existing internal control procedures, or draw from our library of best-practice internal controls. Improve your ability to prevent costly fraud and mistakes. Preserve capital while achieving compliance.

audit management

Improve audit management efforts: Streamline your internal controls audit preparation with audit-ready documentation. Limit audit cost and effort by clearly defining your audit scope and addressing your segregation of duties conflicts. Gain a knowledgeable client advocate who can help keep your audit on track and on budget.

risk thermometer

Improve financial risk management efforts: Identify, categorize, and mitigate the risks that threaten your company. Provide internal control system transparency to your executives, audit committee, and auditors. 

Internal Control Return-On-Investment

Achieve a strong return-on-investment (ROI) by improving your internal control procedures through the following:

  • Reducing existing internal controls count by adopting best-practice internal control procedures mapped to relevant business risks
  • Testing internal controls with pre-populated test plans and audit-ready outputs
  • Leveraging pre-built policies and forms for executing every internal financial control
  • Adopting an integrated, standardized approach across all locations to simplify consolidation efforts
  • Determining the financial risks of acquisition targets by reviewing their internal control procedures
  • Improving your acquisition value by enhancing your own internal controls system
  • Standardizing internal control procedures across acquired or merged locations, divisions, or business units to reduce compliance cost and effort
  • Meeting public company Sarbanes-Oxley financial reporting requirements

Contact us to learn more about how we can perform your internal controls implementation in days instead of months, and at a fraction of the cost.