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Gain controlInternal financial controls review

Managing your internal controls
 

BerryDunn helps clients navigate the complexities and challenges of a constantly changing internal control environment. We start with an assessment of each client’s existing internal control program, and then work closely with stakeholders to identify strengths and vulnerabilities.

We initiate each engagement by asking thoughtful questions about the client’s business, control environment and activities, risk assessment, monitoring, and communication. This process allows us to evaluate the current state of effectiveness, while we find and close gaps, and build a stronger overall control system. After we deliver our recommendations, we can also provide monitoring support to make sure any new control environment is ready to meet any current and future concerns.

With the ever-changing regulatory environment (e.g., the upcoming FASB ASU 2014-09 on revenue recognition), it is critical that internal control considerations integrate with management consideration of financial reporting needs in order to avoid material weaknesses in internal control.

BerryDunn can assist you with internal controls including:

  • Consulting on the design and implementation of internal controls over financial reporting
  • Reports required for audit, consulting, or agreed-upon procedures engagements
  • Internal audit services
  • Systems and Organization Controls (SOC) examinations and reporting

To learn more, please contact our internal financial controls review services team

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Principals

BerryDunn experts and consultants

"Our partnership with BerryDunn began in 2014. After many years with the same auditing firm I was apprehensive changing firms until I met Sarah Belliveau and Tammy Michaud. Sarah and Tammy met with me to learn my vision for the relationship. Their approach is to educate and work as a team with clients. I like that my opinion matters and we can discuss issues/solutions together. When questions or issues arise Jennifer Sanctuary (audit) and Joe Byrne (tax) are always available to guide or participate in a discussion with me. Our partnership has improved my knowledge base and our organization has strengthened its internal controls.  I am grateful to all the staff at BerryDunn for their professionalism, dedication and knowledge."

- Susan Fulton, Chief Financial Officer, Endowment for Health

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Building meaningful relationships―and stronger internal controls

"The audit team, led by Mark LaPrade and Ryan Gough, has maintained the highest standard of professionalism while providing the utmost level of expertise during each engagement. Throughout the course of the year, the audit team is readily available to consult with the University on various tax, accounting and regulation questions in a timely and assiduous manner.

The audit team has established a collegial relationship with both the Finance Committee and the Board of Trustees; their service has been nothing short of outstanding. Each team member has been pleasant, knowledgeable and very proactive in each engagement. We are very pleased with the improvements in internal controls and financial reports.

I offer my highest recommendation of BerryDunn to any business looking for a knowledgeable audit and consulting partner. Their level of expertise and their service-oriented approach have served their clients well and I look forward to working with them for years to come."

- John Parker, DBA, CFO, Former Vice President for Finance and Administration, Rivier University

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Year-round support and expertise