HERALD HOUSE
FINANCIAL CONSULTING GROUP

Our Financial Consulting Group will assess and document your financial accounting policies and procedures.  All of your existing controls will be identified and documented, control enhancement recommendations provided; and continuous improvement opportunities sought every step of the way.          

We assume nothing!  Everyone involved in your financial process is interviewed and all accounting transactions are followed and documented from beginning to end.   

A flowchart, process narrative, and policy are drafted identifying all control along the way.  This documentation is vetted with all individuals as well as management to ensure we’ve captured the process and accounting policy correctly.  Updates are given to Senior Management during various intervals on progress and to provide a clear expectation on deliverables and timelines.

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It is critical that all business document their financial accounting policies and procedures to establish a framework for which they present and govern their financial information.  

This set of policies establishes the rules for which the financial information is reported and the procedures sets the guidelines for how this is accomplished.  Thus, a framework is built to establish the necessary controls and provides reassurance that the financial information is complete and free of material error. 

During year-end financial audit, a company’s internal accounting and financial policies and procedures are some of the most heavily tested and relied upon by the external audit staff.  Unfortunately, this is one area where internal resource allocation is not aligned to the statistics.