Internal Control Reviews
Internal control reviews assess governance, risk management, and the effectiveness of control activities, including IT security, communication, and monitoring processes.
We can help with a scope of works to ensure compliance with regulatory standards, document findings and recommendations, and support fraud prevention and accountability through robust reporting and governance frameworks.
Internal Controls Review Process for Australian Charities
Understand the charity’s operations and risk profile
The reviewer gains an overview of the charity’s structure, size, activities, funding sources, and regulatory obligations to identify key financial, operational, and compliance risks.
Evaluate and test key controls
Core controls are reviewed and tested, including approvals, segregation of duties, bank reconciliations, payroll controls, grant and donor fund tracking, and governance oversight, scaled to the charity’s size and complexity.
Report findings and strengthen controls
Findings are documented with risk ratings and practical recommendations, and management and the Board are supported to implement improvements and monitor controls on an ongoing basis.