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accountability achievement actions addition agency agency's analysis application appropriate assets assigned audit auditors authority Categories changes Checklist clearly Comments/Descriptions communications completeness conduct Consider the following Consideration continually control activities correct critical designed determine developed directives documents duties effective employees ensure established ethical evaluation executive exist external factors Federal findings functions GAO's given goals Government guidance identified implemented important improvements includes indicate individual information systems Inspector Integrity internal control issues levels maintaining major management's mechanisms meet mission monitoring objectives occur operations organization organizational overall particular performance periodically personnel physical points policies positions problems procedures promptly proper recommendations records regularly relevant reporting responsibilities risk assessment risks separate evaluations significant sources specific standards strategic plan structure subsidiary points taken throughout tool transactions understand
Page 1 - Financial Integrity Act to issue standards that provide the overall framework for establishing and maintaining internal control and for identifying and addressing major performance and management challenges and areas at greatest risk of fraud, waste, abuse, and mismanagement.
Page 40 - Responsibilities and duties involving transactions and events are separated among different employees with respect to authorization, approval, processing and recording, making payments or receiving funds, review and auditing, and the custodial functions and handling of related assets. • Duties are assigned systematically to a number of individuals to ensure that effective checks and balances exist.
Page 7 - They are building on previous initiatives that were already underway in various agencies, as well as on the Chief Financial Officers Act of 1990, the Government Performance and Results Act of 1993, and the Government Management Reform Act of 1994.
Page 6 - Internal control is a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: effectiveness and efficiency of operations; reliability of financial reporting; and compliance with applicable laws and regulations.
Page 6 - ... accepted accounting principals (GAAP) with the adoption of Statement on Auditing Standards No. 78 by the AICPA. 2. The COSO framework has also been adopted by the financial services industry in response to the Federal Deposit Insurance Improvement Act requirements for assessing internal controls. 3. The Office of Management and Budget (OMB) Circular A-123, "Management Accountability and Control," of June 21, 1995, provides the requirements for assessing controls under COSO.
Page 1 - GAO issues standards for internal control in the federal government as required by the Federal Managers' Financial Integrity Act of 1982.
Page 1 - ... framework for establishing and maintaining internal control and for identifying and addressing major performance challenges and areas at greatest risk for fraud, waste and abuse, and mismanagement. GAO issued its Internal Control Management and Evaluation Tool, GAO-01-1008G (Washington, BC: August 2001) to assist agencies in maintaining or implementing effective internal control and, when needed, to help determine what, where, and how improvements can be implemented. that they have experienced...
Page 65 - STATEMENT ON INTERNAL ACCOUNTING AND ADMINISTRATIVE CONTROL SYSTEMS Pursuant to Section 306 of the Chief Financial Officers Act of 1990, the SLSDC is required to provide a statement on internal accounting and administrative control systems consistent with the requirements of the Federal Managers' Financial Integrity Act (FMFIA) of 1982.
Page 7 - Control — Integrated Framework by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), pp.