for more details please contact us at " email@example.com " or mobile 00905345799999 Rapid growth and under-developed financial and operational controls are common characteristics of many start-up operations, including companies, joint ventures, departments, and divisions. Inadequate or improperly working controls can lead to fraud, loss of customers, and even business failure. Managers of start-up operations often fail to adequately address the need for controls because they lack the knowledge of how to address control risk, lack resources to address control risk, or they perceive other issues as being more critical. The manager’s dilemma is how to efficiently balance the need for strong controls with the everyday demands associated with running a newly-formed business. This paper presents several well-known frameworks businesses can employ to establish and assess internal controls, along with a discussion of pros and cons of each framework. It also describes how one implementation methodology, Control Self-Assessment was executed by a particular start-up operation, and summarizes benefits that may be obtained by other start-ups in need of developing and accessing processes and internal controls.
European Business Center for Training and Development has been founded in Middle east since 1999 to provide a high quality training and consultation services in the region.We provide public and specialized in-house training courses delivered in a manner that builds lasting partnerships, to meet the complex needs of business growth.