Internal Control Checklist Template | AC1020-3

Internal Control Checklist Template

The Internal Control Checklist Template helps senior executives and directors gain a better understanding of their organizations’ control systems. The Risk Management Committee may wish to implement the AC1020-3 INTERNAL CONTROL CHECKLIST to help identify some of the company’s threats and weaknesses.

An effective internal control system enables the company to manage significant risks and monitor the reliability and integrity of financial and operating information. It also ensures that the audit committee acts as a powerful and proactive agent for corporate self-regulation. On a periodic basis (annually, at a minimum), the Risk Management Committee should review and reassess risks and risk rankings, to determine if the company is working on controlling the “right” risks.

Internal Control Checklist Template Details

Pages: 02
Words: 446
Format: Microsoft Word 2013 (.docx)
Language: English
Manual: Finance
Category: Internal Controls
Procedure: Risk Assessment Procedure AC1020
Type: Checklist

Related Documents

• AC1020-1 RISK ASSESSMENT/MANAGEMENT WORKSHEET
• AC1020-2 SAMPLE CHART OF ACCOUNTS