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Financial Strategies

View Finance & Accounting Internal Control







Phase 1:

  • Review the Company entities’ Income statements and the obtained analysis for the previous 3 years.
  • Review the Company entities’ Balance Sheets and the obtained analysis for the previous 3 years.
  • Review the Company entities’ Cash Flow statements and the obtained analysis for the previous 3 years.
  • The ratios of the three latest consecutive financial years will enable trend analysis.
  • Provide Management with high level recommendations based on IEs review and analysis of the Company entities’ financial statements.

Phase 2:

IES will assess the existence of the following control measures and make recommendations for improvement:

  • The finance and accounting divisions’ structure, Job Descriptions and training provided.
  • Authority matrix.
  • Statutory requirements: adherence to all requirements.
  • Receivables: how classified, recognized and monitored.
  • Payables: how classified, recorded and monitored.
  • Fixed assets: how acquired, classified and reported.
  • Budgeting and budgetary control: budget initiation, development, consolidation and monitoring.
  • Cash and Banks.
  • Financial reporting: reports issued to management, content, and frequency.
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