Internal Controls
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Corporate scandals such as those of Enron and Worldcom in the USA which have come to light in recent years, which followed similar collapses in the UK such as BCCI, Polly Peck, Robert Maxwell in the 1990’s, underline the critical importance of internal controls in all businesses, particularly the very big corporations. Lack of an efficient system of internal controls in companies puts its operations at great risk.
As a business grows in terms of business value, inevitably accompanied by a parallel growth in its organisation and more probably geographical spread, internal controls and regular periodic managerial reporting become of critical importance. Frauds may take place within a company, perpetrated perhaps by the trusted manager with the least suspicion by the boss or the owner-managers, causing shock waves and regrets when it comes out, probably with a crippling blow or even total collapse.
Tatar & Co. is ready to assist its clients with an in-depth review of existing systems of internal controls with a view to maximising its effectiveness.
For full information please ring Ersin R. Tatar or Necat Ertuğrul at 228 3494.
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