Your job, and the job of your auditors, will be much easier and the risk of internal control and other problems significantly lessened if your staff has the appropriate experience and training to do their jobs. You can take a number of steps to ensure a strong financial staff. Ask your auditor's impression of your controller and other financial staff after your audit. Your auditors are often in the best position to evaluate not only your internal controls, but also the people you rely on to enforce them. They also can knowledgeably compare your people and your compensation and benefits packages with those at similar organizations.
High turnover makes it difficult to maintain a consistent control environment.
If you believe that turnover may be threatening your organization's controls, you may need to bring it to the attention of the board or explore possible solutions with management. Be sure that your organization maintains a strong core of skilled professionals, and that the rest of your financial team receives adequate training and supervision. When your primary focus is on the balance sheet, it can often be easy to overlook the human factor. Make sure you don't.