Internal Controls for Privately-Held Businesses
Usually a term for larger organizations, especially publicly-traded companies, that involves complicated framework and expensive regulatory compliance, internal controls serve as a key component to managing risk in companies of all sizes. Whether safeguards to prevent financial fraud or processes to ensure operational effectiveness and efficiency, all businesses need some form of framework for internal controls to conduct business activities effectively. For any business, an effective framework of internal controls can create significant competitive advantages. Devising and implementing this framework can be easy if the right strategy and level of complexity is used. Participants will have the opportunity to learn from other participants and senior management with Emergent Partners about internal controls that can be simple, yet very effective and get some insights into devising a successful internal control framework for their businesses.