MEMSC

Process, procedures & controls
Every activity of a business unit forms a process which directs its actions towards goal
achievement. However, in many organisations, processes evolve as a correction of damage
borne or inconveniences suffered. This results in uninformed and probably duplicating
processes, which involves additional costs.
A proper planning of all processes, procedures involved for each activity and its
documentation will bring in clarity and encourage streamlined movement of the activity for
all involved, permitting cost saving, prohibiting erosion of funds, facilitating exapnsions
and preventing confusion. 
Internal controls assure an entity of the following:
Effectiveness and efficiency of operations
Reliability of financial reporting
Compliance with applicable laws and regulations
The first category addresses an entity’s basic business objectives, including performance
and profitability goals and safeguarding of resources.
The second relates to the preparation of reliable published financial statements, including
interim and condensed financial statements and selected financial data derived from such
statements, such as earnings releases, reported publicly.
The third deals with complying with those laws and regulations to which the entity is
subject. These distinct but overlapping categories address different needs and allow a
directed focus to meet the separate needs.
Internal controls need to be incorporated into the business so that assurance on asset
safety, reliability of reports and compliance is guaranteed.
We at MEMSC, believe that properly implemented procedures supplemented by adequate internal
controls make an organisation effective and efficient in achieving its goals.
Towards this end we:
Undertake a functional study of the organisational requirements
Prepare a preliminary procedural flow incorporating all the necessary activities
Ensure that the above meets with the organisational structure
Identifying authority and responsibility structures
Incorporate adequate internal controls to make the system robust
Prepare the final Procedural flow
Prepare documentation for the same.
Approval of management in all aspects of the above.
Suggest and provide adequate review and revision options
Undertake internal audits based on client requirement
You are welcome to contact us to discuss your requirements.

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MEMSC
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Every activity of a business unit forms a
process which directs its actions towards
goal achievement. However, in many
organisations, processes evolve as a
correction of damage borne or
inconveniences suffered. This results in
uninformed and probably duplicating
processes, which involves additional
costs.
A proper planning of all processes,
procedures involved for each activity and
its documentation will bring in clarity
and encourage streamlined movement of the
activity for all involved, permitting
cost saving, prohibiting erosion of
funds, facilitating exapnsions and
preventing confusion. 
Internal controls assure an entity of the
following:
Effectiveness and efficiency of
operations
Reliability of financial reporting
Compliance with applicable laws and
regulations
The first category addresses an entity’s
basic business objectives, including
performance and profitability goals and
safeguarding of resources.
The second relates to the preparation of
reliable published financial statements,
including interim and condensed financial
statements and selected financial data
derived from such statements, such as
earnings releases, reported publicly.
The third deals with complying with those
laws and regulations to which the entity
is subject. These distinct but
overlapping categories address different
needs and allow a directed focus to meet
the separate needs.
Internal controls need to be incorporated
into the business so that assurance on
asset safety, reliability of reports and
compliance is guaranteed.
We at MEMSC, believe that properly
implemented procedures supplemented by
adequate internal controls make an
organisation effective and efficient in
achieving its goals.
Towards this end we:
Undertake a functional study of the
organisational requirements
Prepare a preliminary procedural flow
incorporating all the necessary
activities
Ensure that the above meets with the
organisational structure
Identifying authority and
responsibility structures
Incorporate adequate internal
controls to make the system robust
Prepare the final Procedural flow
Prepare documentation for the same.
Approval of management in all aspects
of the above.
Suggest and provide adequate review
and revision options
Undertake internal audits based on
client requirement
You are welcome to contact us to discuss
your requirements.

· · · · · · · · · · · · · ·