Why Financial Monitoring
There is a need for large corporation/individuals with high branches to monitor the branches budget
with the actual performance.
This service is intended to provide cut-edge financial oversight. The goals are to ensure compliance with policy guidelines to confirm that remote locations are financially accountable for funds entrusted to them.
As these companies would not come under the requirement of a statutory audit they will need to be monitored outside the scope of audit. Under financial monitoring, budgets for income and expenditure are compared with actual results and a report is provided to the funders. This report will show the weaknesses identify in the areas of internal controls, procedural lapses, and recommendation for improvement.
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