Controlling

Controlling or Accounting Controls are a set of applied methods to ensure the accuracy of financial statements, assurance, and validity. Though applying Controlling methods can benefit an organization in massive ways, companies do not use them to comply with the regulations.

How does controlling work?

Controlling implies the measurement of accomplishment against the standard and avoiding deviations to ensure objectives are achieved according to plans. A Controller or Controlling Team may assist the organization or a manager in managing situations intelligently and taking corrective action before any damage is done to the business. A Controller can come to the rescue of a manager here and help eliminate problem areas and establish a solid foundation for significant growth. Additionally, it helps keep track of the progress of activities and ensures that activities conform to the standards set in advance to achieve organizational goals.

Features

SAAS Controlling Services can enrich and support your Controlling team or management to become a trusted business partner bringing value to your entire organization. SAAS offers an extensive range of services to assist you in maximizing the efficiency and accuracy of your Controlling Department:

Help you through the peaks and troughs of your controlling business cycle

Prevent you from understaffing

Boosting team performance by add-on controlling expertise

Optimize the effectiveness of your Controlling department

Provide managerial resources and skilled accountants and help drive your controlling activities and requirements.

Short to long term management for the period of transition, crisis, or change within your organization

SAAS Controlling Services can enrich and support your Controlling team or management to become a trusted business partner bringing value to your entire organization. SAAS offers an extensive range of services to assist you in maximizing the efficiency and accuracy of your Controlling Department:

What we offer

Internal Controls to understand and mitigate risks

Since internal controls are established depending upon a risk-oriented approach, we can help ensure that your organization focuses on high-risk areas. For example, if one of your employees accuses that there is some petty cash that is locked, you could sense cash theft risk. We can come in and help you to determine if you have adequate capabilities for such risk mitigation.

A risk assessment is the necessary first step, and it provides a robust foundation in establishing internal control systems.

Internal Controls to address financial statement assertions

One of the main highlights of controlling is to safeguard the company and investors. So basic example is to start a physical count of all assets or inventories that are occupied daily.

Internal control with proper controlling tools helps prevent fraud:

Segregation of duties (SOD) is a fundamental element of internal control. The principle of SOD is to share responsibilities in a critical process such that no one individual should perform two of the three functions: custody, recording, and authorization.

When the three responsibilities are correctly segregated, fraud can be effectively prevented or detected. For example, if your accountant both receives and records cash, they can commit fraud easily.

When one account deals in cash and another deal in recording cash, none of them can get into a fraudulent situation. At correspondingly, the manager reviews cash flow so fraudulent situations are minimized.

Benefit with specialized controlling

  • Accomplishing organizational goals
  • Making efficient use of resources
  • Ensuring order and discipline
  • Improving employee motivation
  • Facilitating coordination in action
  • Judging accuracy of standards

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