How is this different from an internal audit?

Staffing & Supervision

Supervision Services

Independent senior oversight of an in-house finance function - the review layer a small team usually cannot staff for itself.

Overview

Most finance teams below a certain size have no one senior enough to check the person doing the work. Errors then survive until an auditor, a lender or a regulator finds them, by which point they are expensive. Supervision puts a periodic, documented review over the routine: the close is examined, the reconciliations are tested, the filings are checked before they are made rather than after.

What this covers

How we help

Monthly close review

Independent review of the close before management accounts are issued.

Reconciliation oversight

Testing of bank, vendor, inter-company and statutory reconciliations.

Pre-filing review

Checking returns and statutory submissions before they are filed, not after.

Controls and segregation review

Whether duties are genuinely separated in practice, not merely on the org chart.

Site and stores supervision

Periodic on-site oversight of stores, stock and site-level records.

Reporting to management

A short written report each cycle, with open items tracked to closure.

Common questions

Supervision Services — questions we are asked

Internal audit looks back and reports on whether controls worked. Supervision sits in the cycle itself - the review happens before the filing goes out or the accounts are issued, so errors are corrected rather than reported. Organisations often need both, and where an internal audit is also being performed the scopes should be set so they do not simply duplicate.

Talk to us about supervision services

A short conversation is usually enough to establish whether this is the right route, and what it would involve.

Talk to Us