Internal control/ Procedures
Implementation of internal control procedures
The main objective of internal control procedures is to secure the company's assets and property and to enable the effective application of management decisions. From a certain size, a company must have such procedures in place. Through a diagnosis of the existing structure, we establish recommendations and develop target procedures. In collaboration with management and all members concerned, we implement the selected procedures and ensure their correct compliance by stakeholders within the company.
Diagnosis of internal control procedures
The objective of the diagnosis of internal control procedures is to analyze and highlight any missing or faulty procedures as well as the resulting risks. This diagnosis will consist of conducting workshops with the various stakeholders in the company’s processes, during which the progress of each process will be questioned. At the end of the mission, a report will describe the procedures diagnosed, an evaluation of them and a proposal for corrective actions to be carried out.
Establishment of an accounting procedures manual
The accounting procedures manual in Morocco is a manual bringing together all the procedures involved in the production of accounts. It is mandatory for all companies with an annual turnover greater than 10 MMAD and it is strongly recommended to have it in case the company is subject to a tax audit. Apart from this legal obligation, it is in the interest of a company to have this type of manual in order to make its accounting information more reliable and standardize its administrative process.
Our firm was able to support several clients in establishing an accounting procedures manual in Casablanca personalized according to the specificities of each company.
Depending on the needs, this may only be one of the following missions:
- Writing a procedures manual on existing procedures
- Diagnosis of current procedures and identification of risks
- Establishment of non-existent procedures or modification of existing procedures
- Presentation and/or implementation of target procedures
- Writing a manual of defined procedures
- Training of teams in procedures
- Audit and monitoring of the application of these procedures and proposal for corrective actions
- Support in drafting specifications for the acquisition of an information system