Accounting & Bookkeeping
Financial Statement Compilation
Formally compiled financial statements prepared to AICPA standards: the version a bank, landlord, bonding agent or investor will actually accept.
Advisory & Specialty
Internal Controls & Audit Readiness
Practical controls sized for a small team: enough structure to prevent loss and pass review, without paperwork nobody will maintain.
5%Of revenue lost to fraud yearly*
Small teamsControls sized to fit
DocumentedReady for review
What is internal controls & audit readiness?
Internal controls are the procedures a business uses to safeguard assets, prevent and detect fraud, and ensure its financial records are accurate. For small organizations the practical priorities are segregation of duties across cash handling, approval limits on payments, independent bank reconciliation review, and controlled access to accounting systems. Audit readiness is the related work of documenting those controls and organizing supporting evidence so an external auditor, lender or grantmaker can verify them efficiently. Kingsley Accounting Group designs controls that a small team will actually follow.
Sound familiar?
These are the situations that bring people to this service most often.
One person opens the mail, records the payment and reconciles the account.
A first audit or grant review is coming and nothing is documented.
You have grown past the point where you can personally see every transaction.
You suspect something is wrong but have no way to test it.
What’s included
Every engagement covers the following as standard. Nothing here is an upsell.
- Control environment assessment across cash, payables, payroll and revenue
- Segregation of duties analysis designed for teams too small to fully separate
- Approval thresholds and authorization matrix that people will actually use
- Bank reconciliation review procedures performed independently of the preparer
- System access review, who can do what in your accounting and banking systems
- Written process documentation short enough that it stays current
- Audit preparation: schedules, evidence organization and auditor liaison
- Fraud risk assessment focused on where small organizations actually lose money
How it works
Assess
We walk your actual processes, not the ones in the manual, and identify where a single person could cause a loss without detection.
Design proportionately
Controls are sized to your team. A five-person business cannot fully segregate duties, so we design compensating controls that genuinely work.
Document and test
We document the processes, test that they operate, and prepare the evidence pack an auditor or grantmaker will ask for.
What you receive
Control gap report
Where the real exposure is, ranked by risk rather than listed alphabetically.
Process documentation
Short, current, and written for the people doing the work.
Audit evidence pack
Schedules and support organized the way reviewers expect to receive them.
Frequently asked questions
Yes, with compensating controls. Full segregation of duties is impossible in a small team, so the design shifts to owner review of bank statements before anyone else sees them, dual authorization above a threshold, independent reconciliation review, and restricted system access. These are achievable and they materially reduce risk.
Overwhelmingly through billing schemes, payroll manipulation, expense reimbursement abuse and check tampering, not dramatic embezzlement. The common thread is one person controlling a full cycle without independent review. Losses typically run for months before discovery, which is why detection controls matter as much as prevention.
Evidence that controls exist and operate: reconciliations with reviewer sign-off, approvals attached to disbursements, documented processes, and organized support for material balances. Being ready reduces audit fees, because auditors bill for the time they spend chasing documents.
No, and that is deliberate. Independence rules prevent a firm from auditing controls it designed or records it maintains. We prepare you for audit and liaise with your auditor; the audit itself is performed by an independent firm, and we can recommend several in South Florida.
Related services
Often needed alongside this.
Advisory & Specialty
Nonprofit & Charity Returns
Form 990 preparation and nonprofit accounting for organizations that need their filings right and their exempt status protected.
Accounting & Bookkeeping
Small Business Bookkeeping
Monthly bookkeeping that keeps every account reconciled, every transaction categorized correctly, and your numbers ready whenever you need them.
Ready to talk about internal controls & audit readiness?
Book a free 20-minute consultation. No pitch, no obligation: just a straight answer about whether we can help and what it would cost.