- Turn Around – The do’s and do not’s
- Process Mapping - Administrative processes
- Management Information – Ensuring that you get decision making information
- Due Diligences – Aquismart performs opportunity due diligence
- Due Diligences – Tracking and measuring
- Financial Year Ends – Preparing for the audits
- Policies and Procedures – Ensure your company is protected
- Bonus Audits – the Aquismart approach
- Aquismart performs two stock takes in Tanzania.
Policies and Procedures – Ensure your company is protected
Aquismart has assisted various clients with the development of policies and procedures for the client’s company. With the increased awareness of corporate governance and management’s responsibilities in terms of internal controls, it has become essential for company directors to implement policies and procedures.
In our experience, one of the major reasons for inadequate - or no policies and procedures at all, is that the financial staff do not have the capacity to develop and update the policies and procedures themselves.
Our approach varies with different clients but normally includes an overview of the status of the company’s internal control environment to establish the following:
- Weaknesses in the current controls.
- Risks of fraud and misappropriation of funds happening.
- Areas where overlapping of duties occur.
- Areas where unnecessary controls are in place.
- Whether the controls currently in place will be sufficient to cater for the growth of the company.
Aquismart can develop interim controls to ensure that the company will not be at risk during the growth phase. We shall list the risks that the company may face with the new controls in place and what must be done to mitigate these risks.
