Your Virtual Auditor Service
Phoenix Accounting's aim is to take all the pain away that is associated with the word, AUDITOR!
By becoming your Virtual Auditor, Phoenix Accounting is able to ease that pain.
We understand what 'they' want. Effectively we speak their language.
Best of all though we speak yours and we fully understand that driving the business forward does not, and should never be improperly held back by audits, auditors and controls.
If after a review we identified any arrears for concern. Feel assured that we can implement simple but important and often neglected controls into your business with the minimum amount of disruption to operations. More often than not these controls exist informally, they just need be implemented formally.
Virtual Auditor Services Offered
The Benefits of a Virtual Auditor
By becoming your Virtual Auditor, Phoenix Accounting is able to ease that pain.
We understand what 'they' want. Effectively we speak their language.
Best of all though we speak yours and we fully understand that driving the business forward does not, and should never be improperly held back by audits, auditors and controls.
If after a review we identified any arrears for concern. Feel assured that we can implement simple but important and often neglected controls into your business with the minimum amount of disruption to operations. More often than not these controls exist informally, they just need be implemented formally.
Virtual Auditor Services Offered
- Debtor Review
- End to end process mapping
- Provide advice regarding any risks identified during end to end process mapping
- Production of formal written procedures
- System based accounting - reconciliation of sales module to nominal ledger
- Review of Monthly Debtor control reconciliations
- Review of debtor aging profiles
- Accounts Payable
- End to end process mapping
- Provide advice regarding any risks identified during end to end process mapping
- Production of formal written procedures
- System based accounting - reconciliation of sales module to nominal ledger
- Review of monthly Creditor control reconciliations
- Payroll Services
- Review weekly, fortnightly or monthly payrolls to ensure no phantom employees or unusual salary payments
- Review monthly reconciliation of PAYG and Superannuation
- Review of PAYG summaries
- Independent monthly reviews of all balance sheet reconciliations.
- The formalisation of the businesses authority matrix
- The creation and implementation of internal controls
- The creation and implementation of internal controls reviews and reporting processes
The Benefits of a Virtual Auditor
- Best practices will always be adopted
- Simplified and more efficient financial processes
- The provision of reliable and meaningful analysis of results
- The ability to make a more informed decision relating to financial matters
- Your 2IC when it comes to building lasting relationships with internal and/or external auditors
- Your existing finance team can be mentored and coached, in turn benefiting the business as whole
- The stress of managing an accounting department is delegated to someone highly skilled in that area
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