Internal control

Your needs

• Are you questioning the reliability of your current administrative processes?
• Do you want to minimise the risk of error or loss?
• Do you want to identify and address potential weaknesses in your organisation?

We have simple solutions for you!

Our solutions

ECOVIS Fi.Solutions can carry out short and clearly defined assignments, resulting in in-depth analyses of your various administrative cycles and their associated risks. For us, the analysis of the administrative and accounting organisation is an integral part of our accounting and tax services.

Using a structured process and detailed questionnaires, we can analyse all or part of your company’s key management cycles:

Sales – Accounts Receivable:

• Order
• Delivery
• Invoicing
• Claims and credit memos
• Transaction recording
• Cash receipt and collection processes…

Purchasings – Accounts Payable:

• Purchase orders
• Receipt
• Invoice approval
• Recording transactions
• Follow-up
• Payment…

Human Resources – Payroll:

• Recruitment
• Preparation and amendment of contracts
• Termination of contracts
• Preparation of pay slips and social security declarations

Treasury:

• Access to financial assets
• Security
• Control of financial assets…

IT systems:

• Backup procedures
• Antivirus protection
• Password management
• File management…

Inventory and assets:

• Protection
• Recording
• Valuation…

A structured approach

The ECOVIS Fi.Solutions methodology leaves nothing to chance.

It starts with a discussion with the managers concerned to outline the overall framework. The aim is to clearly define the scope of the assignment with a comprehensive description of the environment.

This is followed by interviews with those directly responsible. The aim? To analyse the flows and the tasks actually performed throughout the process. To identify who is responsible for what, the context (delegation, signature, data access…), the documents, the information flows…

ECOVIS Fi.Solutions then carries out a detailed analysis to identify possible irregularities and failures, systematically looking for potential losses, errors, fraud, etc.

Finally, ECOVIS Fi.Solutions presents its conclusions in a detailed report, together with recommendations to improve task allocation, approvals and document flows.

Reliability and accuracy go together!

3 major benefits

• Reliability
  Weaknesses are identified and corrected, and reliability is strengthened at all levels.
• Safety
  Increased safety of business operations.
• Asset protection
  Improved protection of company assets.