Articles by Yit Lone

Comprehensive documentation of financial controls is critical for ensuring transparency, consistency, and compliance within an organization. Proper documentation helps in training, auditing, and regulatory compliance, […]

Documenting and auditing financial controls are critical components of an organization’s internal control system. They ensure transparency, accuracy, and compliance with regulatory requirements, such as […]

Scenario: A mid-sized company faces challenges with manual invoice approvals, leading to delays and errors in payments. The goal is to automate the invoice approval […]

Absolutely! Boundaries are essential in any healthy relationship because they establish a framework for mutual respect, understanding, and communication. Clarity: Boundaries help individuals understand what […]

Example: A company’s new ERP system initially lacked automated controls for transaction approval, leading to potential errors and fraud. Mitigation Strategy: The company implemented automated […]

Automating controls in financial systems is critical for ensuring accuracy, efficiency, and compliance with regulations such as the Sarbanes-Oxley Act (SOX). Automated controls help mitigate […]

Implementing automated controls in financial systems is a strategic process that requires careful planning, execution, and continuous monitoring. These controls are vital for ensuring accuracy, […]

Scenario: A mid-sized company faces challenges with manual invoice approvals, leading to delays and errors in payments. The goal is to automate the invoice approval […]

Automating controls in financial systems is essential for improving accuracy, efficiency, and compliance with regulations such as the Sarbanes-Oxley Act (SOX). Automated controls help mitigate […]

Outcome: The automated invoice approval workflow significantly reduced approval times and errors, ensuring timely and accurate payments. The system’s audit trail functionality provided a clear […]