Watkins Consulting provides precise guidance for projects involving Internal Controls. Our risk management, accounting, and compliance experts will review current policies and procedures in place, compare them to applicable Federal Guidance (such as GAAP, GASB, OMB, NIST), and define any gaps in compliance.
We can review and revise process narratives of major business cycles. We will identify key financial controls then develop programs to test the design and effectiveness of these controls. If desired by the client, Watkins can conduct the testing of the controls.
We will work with a client to develop on-going, sustainable processes for maintaining key internal controls. We can review the remediation of previously identified internal control gaps and any changes in compliance via changes in regulations.
We prepare thorough documentation in the form of process manuals as well as management reports summarizing processes, testing, and compliance.
