II. Internal Controls:

Our Approach and Methodology
Our process for implementing the internal control procedures is as follows:

  • Scoping – Identification of Key Risks
    Knowledge of the business and industry helps ensure the identification and addressing of inherent risks and the susceptibility of the financial statements to material error or irregularity before recognizing the effectiveness of control systems.
  • Understanding – Control Environment
    The control environment strongly influences the effectiveness of the systems of control. A strong control environment enables partners to rely on financial reporting presented to them and monitor the cost of the projects against budget.
  • Evaluating – Management’s Controls
    Assess the adequacy of management’s controls as a basis for providing system and internal control comfort.
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