Internal controls help organisations protect assets, produce reliable information and reduce avoidable losses. For a growing company, practical controls should fit the size and complexity of its operations.
Start with the main risks
Identify the activities where errors, unauthorised payments or missing records could cause the greatest damage. Prioritise payment approvals, access rights, procurement, revenue collection and bank reconciliations.
Introduce simple, repeatable safeguards
Document approval limits, separate key responsibilities where possible, retain supporting evidence, review exceptions and reconcile accounts regularly. Smaller teams can use independent management review as a compensating control.
Review and improve
Controls should evolve as transaction volumes and staffing change. CR Consulting supports risk reviews, process improvement and standard operating procedures. View our services.