Internal control
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Internal control standards for internal control in the federal government by United States. General Accounting Office

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Published by The Office in Washington, D.C. (P.O. Box 37050, Washington, D.C. 20013) .
Written in English

Subjects:

  • Auditing -- Standards -- United States,
  • Administrative agencies -- United States -- Auditing,
  • Finance, Public -- United States -- Auditing

Book details:

Edition Notes

Other titlesStandards for internal control in the federal government.
StatementUnited States General Accounting Office.
The Physical Object
Pagination21 p. ;
Number of Pages21
ID Numbers
Open LibraryOL17594976M
OCLC/WorldCa44259076

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Jan 02,  · Drawing on her many years as a consultant to numerous companies big and small, author Rose Hightower infuses Internal Controls Policies and Procedures with her wealth of experience and knowledge. Instead of reinventing the wheel, your company can use this useful how-to manual to quickly and effectively put a successful program of internal controls in place. Yes. The effectiveness of an internal control system depends on the effective implementation of each of the 17 principles that make up the Green Book’s 5 components of internal control—Control Environment (Principles 1–5), Risk Assessment (6–9), Control Activities (10–12), Information and Communication (13–15), and Monitoring (16–17). Internal control is not a serial process but a dynamic and integrated process. The Framework applies to all entities: large, mid-size, small, for-profit and not-for-profit, and government bodies. However, each organization may choose to implement internal control differently. For instance, a smaller entity’s system of internal control may be less. An Elected Official’s Guide: Internal Control is specifically designed to offer non-specialists - be they members of the governing board, staff members without accounting or auditing expertise, or ordinary citizens - the information they need to understand what internal control is, .

The Committee of Sponsoring Organizations of the Treadway Commission COSO) is a joint initiative of the five private sector organizations listed on the left and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management, internal control and fraud deterrence. This booklet addresses the importance of internal control, which comprises the systems, policies, procedures, and processes for safeguarding bank assets, limiting or controlling risks, and achieving bank objectives. Applicability. This booklet applies to the OCC's supervision of national banks. Get the accounting process book and start implementing thoroughly researched best practices using the Accounting & Bookkeeping Procedures Book for Internal Control, which not only improves your accounting controls, it can also improve your accounting performance as well as your compliance requirements. A Handy Reference Book for Accounting Controls. This control measure is possible in all but the smallest companies. Companies also need controls over cash disbursements. Since a company spends most of its cash by check, many of the internal controls for cash disbursements deal with checks and authorizations for cash payments.