Woodland Hills · Los Angeles
Internal Controls & Risk Management
Practical internal controls and accounting-process guidance to strengthen oversight, clarify responsibilities, and reduce avoidable errors.
Internal Controls & Risk Management
Protect what you are building.
As your business grows, informal checks can become harder to sustain. Staff changes, new systems, and increasing transaction volume can leave responsibilities unclear or important reviews dependent on one person.
MyCPA, LLP helps examine the accounting workflows behind your numbers and identify practical improvements. We focus on the risks that matter to your operation, the resources available, and controls your team can apply consistently.
How we can help
- Review purchasing, payment, and expense-approval workflows
- Clarify staff responsibilities and segregation of duties
- Strengthen bank reconciliations and month-end review procedures
- Assess accounting-system access and financial-reporting controls
- Identify control gaps in inventory, receivables, and cash-handling processes
- Document procedures, priorities, and management follow-up
Support in practice
Put practical checks where they matter most.
Purchasing and payments
Review how vendors are created, invoices are approved, and payments are released. Independent confirmation of sensitive vendor changes and clear approval limits can strengthen the process.
Cash and account reconciliations
Assess how cash receipts, deposits, and bank reconciliations are handled. Document who prepares reconciliations, who reviews them, and how outstanding differences are resolved.
System access and responsibilities
Consider whether accounting-system permissions fit each person’s role and how access changes are handled when duties change. Separate incompatible responsibilities where feasible.
Reporting and operational records
Examine month-end checklists, journal-entry approvals, inventory records, and receivable follow-up. Identify where evidence of review or supporting documentation is missing.
Working together
Controls that fit the size of your team.
A small business may not have enough staff to separate every task. In that situation, a documented owner review or another compensating control may help address a specific risk. The objective is a workable process with clear accountability, not unnecessary layers of approval.
We discuss how transactions actually move through the business, including exceptions and workarounds. Recommendations are prioritized so leadership can focus on the gaps with the greatest practical significance.
A plan your team can carry forward
Deliverables may include process observations, a prioritized list of control gaps, recommended responsibilities, and procedures or checklists within the agreed scope. We can discuss implementation support and follow-up to assess progress.
Management remains responsible for designing, implementing, and maintaining controls. This advisory service does not provide an audit opinion, cybersecurity certification, or a guarantee that every error or fraud will be prevented or detected.
A clear process
From the first conversation to the next step.
01
Understand
Discuss key risks, systems, staff roles, and transaction flows. Walk through selected accounting processes with your team.
02
Prioritize
Identify gaps and practical recommendations, considering the business’s size, resources, and risk exposure.
03
Implement and revisit
Agree on owners and action dates, document the revised process, and discuss follow-up as systems and responsibilities change.
Getting started
Bring us your questions.
We will help organize the next steps.
We begin with your priorities, the current process, and any deadlines. Together, we agree on the scope, responsibilities, and deliverables before work begins.
Discuss your needs →Helpful information to have ready
- Current accounting systems and user roles
- Approval policies and available procedure documents
- Recent examples of recurring errors or bottlenecks
- Planned staffing, system, or operational changes
We will explain how to share sensitive records through the appropriate secure channel.
A focused approach
Understand. Prioritize. Improve.
Understand
Map the current workflow, key responsibilities, and the points where important financial decisions are made.
Prioritize
Identify the most meaningful gaps and balance the proposed improvements against the size and resources of your team.
Improve
Help document a clearer process, assign ownership, and define the follow-up needed to support consistent execution.
Let us talk about what is next
A good conversation.
A clearer way forward.
Tell us what is on your mind. We will help you find the right next step.