A Financial Control Audit is a systematic process of evaluating a business’s financial controls, policies, and procedures. It’s designed to identify potential problems, uncover any weaknesses in the system, as well as determine whether there are adequate internal controls in place to protect the company from fraud or misappropriation. In order to be effective, a financial control audit must cover all areas of the organization’s operations, including finances, management, operations, records-keeping, security, and ethics. By taking a deep dive into the company’s financials and examining them for errors or irregularities, auditors can provide invaluable insight into the effectiveness of existing financial controls. This helps to ensure that any future business decisions are made with the best interests of the company in mind.