How to set up internal controls on limited resources

Michaela McGinn | July 22nd, 2015

Setting up internal controls in your small or midsized business is no easy task. It can be very time confusing, plus running the day-to-day operations always takes priority. I recently spoke with Smart Business to discuss what businesses and organizations with limited resources can do to implement internal controls.

If I handed you a briefcase of $100,000 and said, ‘Here hold this for me,’ would you be OK with that? … [What] if it was $500,000 or $1 million? That’s what you’re doing when you give full access to information and resources with no one monitoring it.”

To find out what your organization can do now and read the full article, visit Smart Business’s website or check out some of the articles below.

By Michaela McGinn, CPA (Dublin office)

Want to learn more about internal controls for your business? Check out these articles:

10 Ways To Implement Internal Controls With Limited Resources

What Are The Top 10 Signs Your Business’s Internal Controls Aren’t Strong?

Does Your Company Have Solid Internal Controls?

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