Internal Control Systems

Discover How Our Systems Can Free You to Work ON Your Business… Not IN Your Business.

We can help you help your business by providing an objective review of your internal control systems and determine the efficiency and effectiveness of your operating procedures.

Among the corrections we might help you make…

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Segregate duties in order to reduce risk of error or inappropriate action. This involves making sure that no one person has control over all aspects of any single financial transaction.

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Ensuring that all transactions are handled by a delegate with approved authority to handle such transactions.

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Put systems into place which create a process where all transactions are reviewed and reconciled by someone other than the transactor.

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Assure physical safety of all equipment and introduce periodic counts to compare equipment, inventory, cash and other property are consistent with that on record.

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Implement job training for all employees and make sure that employees have the knowledge and resources to carry out their job duties, are provided with an appropriate amount of supervision, and are aware of the channels for reporting potential problems.

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Documentation of all policies and procedures that are accessible to your employees and the procedures for continued guidance and training regarding these procedures to address employee turnover or prolonged employee absence.

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A consistent review of operations to determine that results are consistent with objectives and goals.

Let Us Help:

How the Bank Crisis Affects Northeast United States Business Owners

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog.But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of...

Back to Basics with Your Northeast United States Small Business Taxes

Starting a business is an exciting (and scary) step. Initially, you were equipped with a vision, some basic business know-how, and a plan. You also likely understood that you had tax obligations (you’re a taxpayer after all). However… having a general idea...

Keeping Tax Records: Northeast United States Small Biz Edition

If you’re doing the books, juggling the hiring, navigating supply problems, delivering work to clients, and thinking about big-picture items for the year … you might be a small business owner.If you’ve got a lot on your mind and more gets added daily? You might be a...

Leadership Development in Your Northeast United States Business

 Unless you’ve been living in a cave like this woman, you know that business ownership is a tough gig right now — it’s nearly an Olympic sport to keep things running and moving ahead. But, despite all that, being a business owner is also pretty great....

How Innocent Spouse Relief Could Help Some Northeast United States Filers

 Wedding bells might be chiming for some Northeast United States people as we head into warmer weather, but for others, the thud of a gavel signals the end of a happily-ever-after.As if a separation or divorce isn’t enough of a punch in the gut for you, it can be...

Prioritizing Employee Wellness in Your Northeast United States Business

It’s a bit of a dog-eat-dog world for businesses these days. (Feel that sentiment in your bones?)Inflation is pervasive. Supply chain issues still have you jumping through hoops to get products. The hunt continues for good help… proving the adage. Covid-era debts now...

Making a Plan to Reskill and Upskill Your Staff

Well, here we are — just like that, we find ourselves already a quarter of the way through 2023. While people all across Northeast United States are breaking out the deep cleaning sprays and scrub brushes to get a little springtime sparkle, you might want to be...

d.f. o’brien & co. on Removing a Tax Lien from Your Credit Report

Debt is such a dream killer.It has a way of strangleholding your best-laid plans and keeping you from things like……buying a house…taking a vacation…making a career change…building a good retirement…starting a businessThe list could go on.A particularly difficult kind...

What Northeast United States Employers Should Know About Employee Satisfaction

It happened: Silicon Valley Bank sold. Well, at least part of it. The bank’s deposits, loans, and 17 branches — scheduled to reopen today — were snagged by First Citizens BancShares, a Raleigh-based bank. (About $90 billion of assets still remain with the Federal...

The Why & How of Business Referrals for Northeast United States Owners

Firstly, before I jump into what business referrals could mean for your Northeast United States business, I wanted you to see this.You may have already heard me talk about this … but the explosion of shady flim-flammers gaming the Employee Retention Credit and...

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