Description
Internal Control Assessment and Process Review
Are your business procedures properly controlled? Are responsibilities clearly assigned, approvals properly documented, and business resources adequately protected?
Hisab Kifil – Your Accounting Department provides practical internal control assessment services to help small and medium-sized businesses identify control weaknesses, reduce operational risks, and strengthen their financial and administrative processes.
Our approach focuses on understanding how your business operates, identifying potential weaknesses in existing procedures, and recommending practical improvements that suit your business size and operating environment.
What's Included
Our internal control assessment may include:
Reviewing existing policies, procedures, and internal control practices.
Evaluating the assignment and segregation of responsibilities.
Reviewing authorization and approval procedures.
Assessing controls over cash, bank transactions, and business expenditures.
Reviewing selected purchasing, sales, inventory, accounts receivable, or accounts payable controls.
Identifying control weaknesses, gaps, and potential operational risks.
Providing practical recommendations to strengthen internal controls.
Preparing a summary of findings and recommended improvements.
Starting Package – ETB 13,200
Our starting package covers one focused internal control assessment, with a maximum allocation of 11 working hours.
The assessment is designed to cover one selected business process or department, such as cash management, purchasing, inventory management, sales, or expenditure authorization.
Important Pricing and Scope Information
ETB 13,200 is our starting price, not a fixed fee applicable to every business.
The final service fee may be adjusted depending on:
Size and operational complexity of the business.
Number of processes or departments to be assessed.
Availability and condition of relevant documents and procedures.
Number of locations or operational units involved.
Depth of assessment and reporting requirements.
Assessments involving multiple departments, extensive transaction testing, or a comprehensive review of the entire organization's internal control system will require a customized quotation.
Any work beyond the agreed scope will be discussed and quoted separately before commencement.
This service is an internal control review and advisory engagement. It does not constitute a statutory audit, external audit opinion, or fraud investigation.
Why Choose Hisab Kifil?
With over 20 years of combined team experience, we provide practical accounting and financial advisory support to help businesses improve their financial processes, strengthen internal controls, and operate more effectively.
We focus on identifying practical improvements that businesses can implement without the overhead of maintaining a full-time accounting department.
Hisab Kifil – Your Accounting Department.
Pay for value, not overhead.
