5 PRACTICAL FINANCIAL CONTROLS THAT PROTECT A GROWING BUSINESS

Strong internal controls are not about adding bureaucracy. Similar to a pre-flight check, it is a disciplined routine that helps leadership identify potential issues before they become larger problems. They create visibility, accountability and confidence without slowing the business down.

Small and mid-sized companies do not need an internal audit department to reduce financial risk. They need practical safeguards that limit the number of situations in which one person, process, or system can create a financial problem without anyone else seeing it. These five controls are a practical place to start…