A necessary evil or essential governance? However you view reconciliations, without them your assurance on core financial data and the systems which feed into them is severely weakened. And as these underpin your statutory financial statements, the risk of audit qualification is very real. This is not welcomed.

With the ever increasing number of systems operating independently of your core financial general ledger, it is sometimes easy to migrate towards having a myriad of ‘reconciliations’ which can unfortunately be disseminated outside of direct finance control, and result in something which proves ineffective, inefficient and falling well short of providing the robust statutory controls needed. Our experience shows this is an area which needs careful cross-service control by the Director of Finance; without it strong foundations may prove to be built on sand.

Public Sector Consultants offers a professional ‘health check’ of your reconciliation methodology. You will receive a holistic insight into whether you are in fact achieving the correct controls in an efficient and effective corporate way.

Services provided by Public Sector Consultants include:

• full process mapping/ flow charting & review of financial and feeder systems
• identifying existing interfaces, reconciliation and control points between core and sub-systems
• identifying current reconciliation processes
• preparation of a ‘gap statement’
• designing a governance structured methodology
• providing ‘no hiding places’ reconciliation formats
• support with reconciliation preparation
• support with implementation of new and upgraded systems, including redesigning interfaces

The benefits of our service are:

• you have access to our experienced and skilled consultants who are able to provide an independent and cross-service view
• we provide a project based resource which can operate with a precise focus
• in achieving the primary focus, our multi-skilled consultants can identify any additional weaknesses or opportunities
• additional task based teams can be drawn upon to assist with reconciliation work if internal resources are stretched
• you have the backup and support of Public Sector Consultants, which includes our multi-disciplinary experience and support models