Assessment Tool
Financial Controls Assessment India
Weak financial controls are a silent business killer — enabling fraud, preventing accurate decision-making, and creating audit and compliance risk. This assessment identifies your specific control gaps.
What this assessment measures
Evaluates MIS quality and timeliness, bank reconciliation frequency, accounts payable and receivable control, payroll and expense controls, CFO-level oversight adequacy, and internal audit or review frequency.
Why it matters
Most Indian SME financial frauds and control failures are detected 12–24 months after they begin — by which point the damage is irreversible. This assessment identifies the control gaps that create fraud opportunity.
The 6 dimensions we assess
- 1.MIS quality — monthly close timeliness, accuracy, board-ready format
- 2.Bank reconciliation — frequency, who performs it, independent review
- 3.Accounts receivable controls — credit approval, collection tracking, aging review
- 4.Accounts payable controls — invoice verification, payment authorisation matrix
- 5.Payroll and expense controls — independent verification, expense policy
- 6.CFO oversight — who reviews financial data, at what frequency, with what authority
What your score means
75–100
Controls adequate
Financial controls are sound. Maintain through periodic internal audit and CFO-level monthly review.
50–74
Control gaps present
Specific gaps identified. A Virtual CFO implements the missing controls — typically MIS, bank reconciliation, and payment authorisation matrix.
0–49
High control risk
Multiple critical controls are absent. Immediate Virtual CFO engagement is needed to prevent or detect ongoing financial losses.
What happens next
IBEAN's Virtual CFO implements financial controls as a first-priority deliverable — MIS setup, bank reconciliation process, payment authorisation matrix, and monthly financial review.
Related assessments
Frequently asked questions
Additional questions? Contact the advisory team
Ready to assess your Business Health?
IBEAN's Financial Controls Assessment India identifies your current position, gaps, and the highest-leverage actions to improve. Fixed-fee diagnostic. No commitment beyond that.