Providing assurance that internal controls are working shouldn’t wait for a costly annual audit. Finding the right balance between process controls and efficiency is key. Continuous control monitoring can create a stronger control environment, but getting started can often be a mystery. This was the challenge for the financial controls manager at the City of Lethbridge. Darrell Matthew's vision was to introduce automated continuous controls monitoring within his department. Since embracing technology, they are no longer buried in spreadsheets and have optimized everyday activities such as automating operations in their Accounts Payable department. With less time spent on complaint calls and follow up, efficiency is at an all-time high.
In this 60-minute webinar you'll discover how the City of Lethbridge:
- Made a case for continuous control monitoring through understanding of key drivers and pain points
- Overhauled their city’s financial controls with The ACL Platform
- Created a scalable program to reduce the cost of risk management and compliance activities
- Empowered business users across multiple departments
- Improved control testing and exception reporting to minimize operational risk and ultimately drive behavioural change
About the Speaker:
Darrell Mathews, Financial Processes and Controls Manager at the City of Lethbridge, has over twenty years of accounting experience with 15 years of experience in developing, implementing and monitoring internal controls. In his current role, his primary duties include the development and maintenance of internal controls over financial reporting and development and implementation of financial policies and processes to support corporate or legislative requirements. He also oversees financial and managerial reporting requirements and provides direction on the development and implementation of financial systems. Darrell has had the opportunity to provide formal training to future accounting professionals in his past roles as a moderator for the CMA Strategic Leadership Program and a sessional instructor for the University of Lethbridge
Nonie Dalton is the Principal Product Manager at ACL. She is a veteran Product Manager, with a passion for innovative technologies that meet customers’ needs. At ACL, she is focused on championing solutions specific to finance, government and education customers, as well as contributing to the development of new features, market intelligence and product strategy. Nonie has a Bachelor of Science and a Master of Business Administration, specializing in the management of technology.