When did your business last take a step back to evaluate your current accounting and governance processes? Have you been following the same procedures since inception, since that’s the method that has always worked for your company? You are not alone.
So many of us get engrained in our everyday tasks that they become just that: tasks. Our processes continue as they always have. It’s what we know and it’s how things have always worked. But what if there was another way? A more efficient way, which would help add value to your organization? Schneider Downs Risk Advisory Services Practice is here to help.
Our practice performs process reviews for companies of all levels, from non-profits to SEC registered clients, and anywhere in-between. These reviews cover key accounting and governance processes within your business. In the most recent reviews we have completed, we have evaluated areas such as grant making, investments, and financial processes, including payroll, payables processing, travel and expense reimbursement, and financial close.
To complete our evaluation, we’ll meet with your employees to understand your current processes. Our team consists of individuals with years of experience in industry and public accounting. Based on what we see in your business, we’ll use that knowledge to recommend best practices for your processes. We’ll also make sure that there are no significant risks within your in-scope business areas that are not currently being mitigated and recommend controls to put in place to address those areas. Once our observations are communicated to you, we will work with your team as necessary to implement the changes you see fit. These changes could result in efficiencies in your process, which would mean more time for your employees to focus on other, potentially more meaningful, tasks. The result: stronger processes for your company.