Internal Controls and Accounting Procedures
Falmouth Institute can provide staff and support to your tribal organization in order to develop sound accounting procedures which will ensure that the fiscal management policies of your tribe are followed. Our work efforts will meet all the requirements of the new OMB Super Circular, GAAP and FASB.
Our team of Tribal Financial Experts can:
-Review and supplement documentation of Internal Controls over financial reporting and compliance
-Review transactions for appropriate supporting documentation for payroll, accounts payable and draw-downs
-Analyze your finance software, accounting system and transaction tracking process
The objectives are to determine the following: whether controls are adequate to detect errors and prevent fraud or waste; financial information is timely, reliable and fairly stated; systems are economic and efficient; and the appropriate financial information is available to program managers and decision-makers. All efforts and recommendations provided by Falmouth Institute will be centered on balancing tradition with the current needs and demands of your community.