Internal Controls Toolkit

Step-by-step guidance on creating internal controls to manage risk

Internal control is a process for ensuring the achievement of an organisation's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations, and policies.

Internal Controls Toolkit offers a "toolkit" approach that addresses the practical need for a series of standards of internal controls that can be used to mitigate risk within any size organisation. Inadequate internal controls can cause a myriad of problems that adversely affect an organisation's ability to provide reliable, timely, and useful financial and managerial data needed to support operating, budgeting, and policy decisions. Reliable data is necessary to make sound business decisions.

This book provides:

• A toolkit approach with detailed controls and risks outlined for key business processes
• Foundational material for SOX 404 initiatives
• Key material to improve internal control efforts
• Guidance during M&A projects

Poor controls over data quality can cause financial data to be unreliable, incomplete, and inaccurate—Internal Controls Toolkit helps you control that quality and manage risk.