Well-Check is designed to assess an organization's governance, risk management and compliance practices with a specific focus on assessing the processes and internal controls intended to safeguard assets, properly account for revenues and expenses, and ensure strong governance is in place.
Well-Check involves interviews of personnel, review of documentation and observation of business practices. Accounting activities and reporting processes are evaluated as they relate to the accurate capture and reporting of key financial and performance information. The objective of the review is to provide actionable observations and recommendations intended to enhance the organization's processes and internal control. Specific procedures include:
The deliverable of the review is a report for the internal use of the organization. The report includes a description of the procedures performed, observations noted and recommendations resulting from the review that Schneider Downs believes will strengthen the organization's internal control environment.
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