Internal Auditing and fraud detection for client in his business

Overview: Internal Auditing and fraud detection for client in his business
Client: Successful Running Business in UK

THE CHALLENGE

Handling client’s Cash/funds shortage/theft
Internal Controls fixed to control the theft

Services Provided by Accountancy Solutions Nottingham

A typical client with too much work load
Implementing the work/contarct execution was his main focus
Proper Procedures were led down/flow charts made
Responsibilities fixed at each level
Cash/Fund reconcilitaitons process fixed to fix the responsibalities at each level
Raw material to finished goods — All the flow charts prepared to save wastage/theft of Raw Material and Finished Goods

Impact on Client's Business

  • Saving lot of mental stress of theft
  • Saving of Cost of Raw Material and increasing the Gross Profit Margins
  • Increasng the liquidity of the business
  • Reducing the dependency of outside funding