Strengthen the control environment around your accounting and finance processes. CorporateWalla can help document, review and improve practical controls across approvals, reconciliations, access, payments, expenses, month-end close and financial reporting.
Accounting internal controls are policies, procedures and review mechanisms designed to reduce the risk of errors, omissions, unauthorised transactions and inconsistent financial processes. Depending on scope, a finance-control engagement can cover process mapping, segregation of duties, approval workflows, reconciliations, access controls, close procedures, exception tracking and management review.
Define vendor creation, purchase approval, invoice review, payment authorisation and reconciliation responsibilities.
Structure customer master controls, invoicing, collections, credit notes, receipts and receivable reconciliation.
Improve journal review, reconciliations, close ownership, balance-sheet schedules and management review.
Define input validation, payroll approval, employee-master controls and payroll-account reconciliation, subject to the payroll system and process.
Document payment preparation, approval, bank access, reconciliation and exception handling.
Review whether user roles and access responsibilities are aligned with the intended control design. Actual technical access changes remain subject to the software and administrator permissions.
Depending on scope:
Where you need procedures written up in detail, see accounting policy and SOP documentation.
Common issues may include:
Internal-control design or review is not automatically an audit. An audit or assurance engagement has its own scope, procedures, independence requirements and reporting framework.
A control review is not a statutory audit, tax audit, internal audit opinion or independent assurance unless the actual engagement is separately structured and authorised for that purpose. See internal audit where that is what you need.
An accounting health check generally focuses on the condition of accounting records, reconciliations, ledgers and reporting processes. Internal-controls work focuses more specifically on how transactions and financial processes are authorised, checked, segregated, documented and monitored.
The two services can be combined when the client needs both accounting cleanup and control-process improvement.
Recurring monitoring of the controls once designed is covered under financial controls monitoring and exception reporting.
Pricing is scope-based and depends on the number of processes, entities, systems, transaction complexity, level of documentation and whether implementation support is required.
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on processes and entities in scope
Timeline: Quoted on processes, systems and documentation depth
Timeline: Quoted on implementation and monitoring scope
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
Control-review and finance-control implementation fees are customised to your business processes and control requirements. The quote depends on the number of processes, entities and systems, transaction complexity, the level of documentation and whether implementation support is required.
Map the current accounting or finance workflow.
Identify key approvals, checks, reconciliations and handoffs.
Document missing, inconsistent or unclear controls based on the agreed scope.
Recommend proportionate controls, ownership and evidence requirements.
Prepare or update control checklists, SOPs and responsibility matrices.
Support agreed workflow changes and handover.
Establish an exception and escalation mechanism.
Where separately agreed, review whether key controls are being performed consistently.
Tell us your requirement, a CA will call you in 30 minutes.
Approval and authorisation workflows, maker-checker controls and a segregation-of-duties review that identifies incompatible responsibilities held by one person or role.
Bank and balance-sheet reconciliation controls, journal-entry review and month-end close controls with defined ownership.
Risk-and-control matrix, approval matrix, control checklists and finance SOPs your team can follow.
Exception and escalation procedures and a remediation tracker, so control issues are not handled informally.
From ₹4,999 • Monthly
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Custom quote • Scope-based
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Custom quote • Monthly
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Custom quote • Monthly
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Custom quote • Scope-based
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From ₹14,999 • Scope-based
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From ₹14,999 • 30–60 days
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Custom quote • Scope-based
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