Ecovis Global > Ecovis recommends and assists client in implementing improved internal controls
Ecovis recommends and assists client in implementing improved internal controls
27. April 2015
One of Uruguay’s leading passenger transport companies, which is regulated by the authorities, requested a review of its purchasing processes and cash movements.
The results of the review showed that certain procedures did not follow good practices in this area and revealed serious internal control weaknesses. Incidences that had caused economic damage to the company were also detected.
Ecovis made recommendations on how to improve the internal control system in the areas of purchasing and cash management in order to prevent unwanted situations from occurring in the future.
The company was very satisfied with the work carried out and appointed us as permanent external auditors, thus replacing their previous external auditors.