The first five risks: Money and documents
Uninvoiced collections, personal IBAN use, excessive cash balances, unexplained shareholder accounts and expenses without a business connection form the first group. Collecting through a card terminal or a different account does not remove documentation requirements.
Attach a document type and explanation to each bank movement, and assign unresolved month-end items to a responsible person. This supports accurate profitability, not just tax-audit readiness.
The next five risks: Process and valuation
Inventory discrepancies, late electronic documents, related-company pricing, incorrect exchange rates and wrong exemption codes form the second group.
Share a red-flag report with management showing amount, period, owner and correction date. Carry each unresolved risk into the following month's follow-up.