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
Format: Microsoft Word 2013 (.docx)
Category: Internal Controls
Procedure: Risk Assessment Procedure AC1020
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