internal audit
Internal auditing is of great importance to monitor the progress of business in the required manner to achieve the desired goals. Bench Company provides its clients with a high level of professionalism in implementing internal auditing tasks by employing a team of specialized professionals with experience in various sectors and commercial, industrial and service fields and applying the instructions of regulatory authorities and international standards in this field. We work through internal auditing of companies to provide some services, as we review financial control systems and develop the necessary tools to reduce business risks through
- Reviewing financial control systems and developing the necessary tools to reduce business risks, such as custody, separation of conflicting tasks, and monitoring the deposit of sales in the bank.
- Review and match monthly sales (cash - K-Net - Visa) and prepare their accounting entries.
- Reviewing the company’s expenses, cash deposits and bank transfers.
- Reconciliation of bank reconciliations and account statements for suppliers and others.
- Reviewing payroll and incentive statements and matching them with banks and company disbursement vouchers.
- Ensuring the accuracy and validity of financial statements and their freedom from attempts at manipulation or fraud, and ensuring that the company operates effectively and efficiently.
- Evaluating and documenting procedures by understanding the procedures applied by the company, documenting them, and providing the necessary recommendations to improve their efficiency.
- Evaluating control systems and identifying shortcomings in internal control systems and ways to address them.
- Providing comments and recommendations aimed at improving procedures and internal control systems.
- Assisting the facility to detect fraud and abuse of power within the facility.
- Review the accounting system, examine financial and operational information, and perform non-financial controls.