The Vibato Internal Control Suite™ includes a pre-defined, best-practice-based internal control matrix for up to 19 different business process areas. This includes processes specific to industries including biotechnology, non-profits, software, and financial services.

Examples of business process area control matrices available with the Vibato Internal Control Suite™ include:

This process includes detailed closing procedures, journal entries, access controls, reconciliations, accruals, judgments and unusual items, reconciliations, related-party transactions, flux analysis, consolidations, disclosures, and financial reporting requirements.

This process includes controls related to the organization's integrity and ethical values; board of directors/committee responsibilities; management's philosophy and operating style; organizational structure; financial reporting competencies; authority and responsibility; financial reporting objectives; financial reporting risks; assessment of fraud risks; information technology; financial reporting information; internal control information; and ongoing and separate evaluations.

This process includes controls surrounding option granting, FAS123R, access controls, option terminations, employee stock purchase plans, issue/repurchase activities, stock exercising.

This process includes controls surrounding inventory security, storage, and segregation; access controls; approvals; documentation; quality; costing reviews; counts; adjustments; returns and warranties; and deliveries.

This process includes controls surrounding your SSAE No. 16 SOC 1 (SAS 70); data retention, storage and backup; systems access;  software development, change management, staffing, and other IT-related activities.

This process includes controls around all payment types and associated general ledger coding, check runs, access controls, vendor master file maintenance, and bank statement reconciliation.

This process includes controls surrounding product pricing; assignment and maintenance of customer credit limits; access controls; customer master file maintenance; contract signing; order monitoring; shipping; customer postings; credit memos; and revenue recognition.

This process includes controls surrounding product pricing; maintenance of customer data; credit limits; access controls; contract signing; order monitoring; shipping; customer postings; credit memos; revenue recognition (SOP 97-2); and vendor-specific objective evidence (VSOE) review.

This process includes controls surrounding product pricing, customer credit limits, customer master file maintenance, contract signing, cash receipts including donation payment procedures, shipping, customer postings, credit memos, and revenue recognition. 

This process includes controls surrounding investments and FASB 130 & SFAS 52.

This process includes controls surrounding review and approval of the tax provision, FIN 48, due diligence, sales & use obligations, Nexus, and transfer pricing.

Includes controls surrounding review and approval of the tax provision, FIN 48, due diligence, sales & use obligations, Nexus, transfer pricing, and required non-profit-specific taxation forms.

This process includes controls surrounding hiring budgets, on boarding, access controls, employee master file maintenance, payroll, withholdings, employer contributions, benefits, and commissions.

This process includes controls surrounding FAS 52 compliance, currency translation, and foreign currency exchange rates.

This process includes controls surrounding mergers and acquisitions including due diligence, access controls, FASB 141, and FASB 142.

This process includes controls surrounding asset additions and depreciations, impairments, access controls, fixed asset tagging, disposals and counts, leasehold improvements, and capitalizations.

This process includes controls surrounding transaction loan approvals, appraisals, payments received, disbursements, adjustments and loan sales.