- 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.
Process Mapping - Administrative processes
Process mapping assist companies in understanding the workflow of their administrative processes. Through process mapping of all the financial and administrative processes in the company, management will understand:
- The shortcomings in internal control.
- The areas where fraud may occur.
- The workload of employees.
- Organisational structure weaknesses.
- Management focus areas.
- Employees have a better understanding of what is required from them.
- The auditors can rely on the internal controls of the company.
- Management identifies fraud or possibility of fraud much quicker.
- Management understand where the critical controls are in the processes and can focus on making these controls work.
- Management implemented an effective structure that added value to the business as a whole.
The process mapping method used by Aquismart focuses on the development of financial and administrative processes that will protect the company as far as possible against internal control weaknesses and fraud. Although the process will indicate to management what the weaknesses in their structure are, it will be build around the current organisational structure as far as possible. Aquismart will identify controls that need to be in place to compensate for weaknesses in the organisational structure.
Aquismart has developed internal control procedures, based on the process mapping, for a number of our clients who achieved the following benefits with the introduction of these procedures:
