Company LOGO C B T. An Educational Computer Based Training Program
|
|
|
- Nora French
- 6 years ago
- Views:
Transcription
1 C B T An Educational Computer Based Training Program
2 The University of Texas at Dallas Compliance Training Effectively Controlling Risks Company
3 Effectively Controlling Risks What is the purpose of this training? Why do we need to understand internal controls? What is internal control? What are the components of internal control? Where can I learn more?
4 What Is the Purpose of This Training? To help faculty and staff understand, evaluate, and manage internal controls and risks. Risks Controls This training is required annually for all employees who are responsible for managing accounts and/or have signature authority.
5 Why Do We Need to Understand Internal Controls? Highly publicized frauds at other universities have caused concerns among U.T. System and component administrators. What was determined to be the problem? WEAK INTERNAL CONTROLS
6 What Is Internal Control? Internal control is a PROCESS, effected by the University s governing board, administration, faculty, and staff, 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.
7 Internal Control Process Ensuring effective control environment Setting objectives Assessing risks Implementing controls Communicating Monitoring
8 Ensuring an Effective Control Environment Management is responsible for establishing an effective control environment, or ethical tone at the top. This includes the integrity and ethical values of its people, their competence, and the way they do business. A control conscious environment ensures employees are aware of the following: Standards of Conduct Guide Regents Rules, Business Policy Memoranda, etc. Department standards of conduct UTD Policies and Procedures Departmental policies and procedures, job descriptions Conflict of Interest--disclosure forms Ethics Guide Zero tolerance of fraud and conflicts of interest Letter to Faculty and Staff from Dr. Daniel
9 Setting Objectives Departments must define their goals and objectives, considering both the department s and UTD s: Mission Operations Financial reporting Compliance Significant activities or processes
10 Assessing Risks A risk assessment identifies and analyzes risks associated with achieving your objectives. A risk assessment helps form a basis for determining how to manage identified risks.
11 Risks Risk is the possibility that UTD will NOT: Achieve its goals Operate effectively and efficiently Protect itself from loss Provide reliable financial data (reports) Comply with applicable laws, regulations, policies, and procedures
12 Assessing Risks Identify and analyze potential risks by asking certain questions: What must go right? What could go wrong? What is the possible IMPACT? What is the PROBABILITY or likelihood of occurrence?
13 Assessing Risks Types of high risk transactions: Cash/check handling Travel Consultant payments Equipment (laptops, etc.) Scholarships Payroll Contracts & grants Confidential information
14 Implementing Controls Control activities help ensure that actions identified as necessary to manage risks are carried out properly and in a timely manner. Control activities should be proactive, valueadded, and cost effective. Properly balancing risks and controls makes good business sense!
15 Implementing Controls Examples of Control Activities : Ensuring proper approval for expenses, time reporting, etc. Securing assets (limiting access, keeping records, and making periodic counts comparing department records with official records) Segregating duties (ensuring that no ONE person can initiate, approve, record, and receive the same transaction) Establishing controls over information systems
16 Communicating Information Reliable and relevant information, from both internal and external sources, must be identified and communicated to employees Communicate polices and procedures up, down, and across the organization in a timely manner Only communicate sensitive or confidential information to those who need it Job responsibilities Goals and objectives Information to assess risks Policies and procedures Laws and regulations Performance indicators Customer feedback Performance evaluations
17 Monitoring Monitoring involves evaluating internal control performance over time to determine whether controls are: adequately designed, properly executed, and effective.
18 Monitoring Monitoring activities include: Managerial and supervisory monitoring, such as reconciliation reviews, performance evaluations, periodic inventory counts Compliance inspections Internal audits Self-assessments
19 Monitoring What is a self-assessment? A self-assessment is a self-audit of a department s internal control components. For assistance with this process, contact the Office of Audit and Compliance at 2693.
20 What if I suspect fraud? Definition: intentional wrongdoing, error, omission, inefficiency, waste, ineffectiveness, or conflict of interest. If you suspect fraud, contact your supervisor, or the UTD Hotline: website: The Network's Web Reporting System Other important references: UT System Fraud Policy Governor s Executive Order on Fraud
21 Effectively Controlling Risks Summary What does all this have to do with me? Internal control effectiveness is primarily determined by the knowledge and commitment of ALL UTD employees. By knowing UTD s internal control policies and procedures and complying with all laws and regulations, YOU can help UTD achieve its goals. This training is an internal control activity!
22 Effectively Controlling Risks Where Can I Learn More? Your supervisor. The Office of Audit and Compliance at UT System Action Plans to Enhance Internal Controls COSO (Committee of Sponsoring Organizations) Internal Control Integrated Framework
23 Test Your Knowledge Following are several questions to test your knowledge of the information presented. Answer all questions correctly to receive credit for the training.
24 Question #1 Which of the following are components of the internal control process? ESTABLISHING A CONTROL ENVIRONMENT ASSESSING RISKS BOTH OF THE ABOVE
25 REVIEW
26 Question #2 Management is not responsible for establishing an effective control environment. TRUE FALSE
27 REVIEW
28 Question #3 Control Activities should be proactive, value added, and cost-effective. True False
29 REVIEW
30 Question #4 Some examples of control activities at UTD include reconciliations and having written policies and procedures. TRUE FALSE
31 REVIEW
32 Question #5 UTD has a fraud policy, and I understand my responsibilities to report fraudulent activities if suspected. TRUE FALSE
33 REVIEW
34 Thank you for completing the questions related to Effectively Controlling Risks. Click on the button below to complete this module and receive credit for this course. Company Click Here to Receive Credit for This Course
35
36 Congratulations! You have completed your compliance training on Effectively Controlling Risks Company The University of Texas at Dallas Compliance Training
37 C B T The Training Post An Educational Computer Based Training Program
Guide to Internal Controls
Guide to Internal Controls Table of Contents Introduction to Internal Controls...3 Roles...4 Components....5 Control Environment...5 Risk assessment...6 Control Activities...7 Information & Communication...9
Internal Control in Higher Education
Internal Control in Higher Education Daniel Adams Office of Audit Services Audit Services Mission To provide assurance and advisory services that are independent, objective and risk-based in order to protect
Committee for Senior Business Administrators. Segregation of Duties
Committee for Senior Business Administrators Segregation of Duties Presented by: Tammy R. Hoskens and Margaret (Peggy) B. Zapalac University Risk and Compliance May 21, 2009 Segregation of Duties Segregation
Internal Controls. They Are Everyone s Business. Valdosta State University Office of Internal Audits June 2016
Internal Controls They Are Everyone s Business Valdosta State University Office of Internal Audits June 2016 1 Presentation Overview Understand Internal Controls Identify Control Weaknesses Fraud Best
Presented by Ed Williamson and Erica Bailey
Presented by Ed Williamson and Erica Bailey Internal Controls & Fraud Detection Objectives Background on internal controls Review of organizational and functional level controls Fraud prevention and risk
Understanding Internal Controls Office of Internal Audit
Understanding Internal Controls Office of Internal Audit July 2015 Objectives for this manual Provide guidance to help management understand their responsibility to ensure that internal controls are established,
Community Bankers Conference
3rd Annual Regional and Community Bankers Conference The Federal Reserve Bank of Boston Disclaimer NEVER WRONG DON T COMPLETELY RELY UPON Recent Developments in Audit Practice SOX, FDICIA 112, Other Robert
PART 6 - INTERNAL CONTROL
PART 6 - INTERNAL CONTROL INTRODUCTION The A-102 Common Rule and OMB Circular A-110 (2 CFR part 215) require that non-federal entities receiving Federal awards (i.e., auditee management) establish and
Internal Control Questionnaire and Assessment
Bureau of Financial Monitoring and Accountability Florida Department of Economic Opportunity September 15, 2016 107 East Madison Street Caldwell Building Tallahassee, Florida 32399 www.floridajobs.org
INTERNAL CONTROLS. Revision A
INTERNAL CONTROLS Internal Controls Approved. CHANGE HISTORY Sections Affected/Description of Change Section All: Consolidate original document and all changes approved Through ; standardize formatting
This Questionnaire/Guide is intended to assist you in decision making, as well as in day-to-day operations. Best Regards,
In an effort to disseminate information and assure that we are in compliance with guidelines caused by the Sarbanes Oxley Act that proper internal controls are being adhered to, we have developed some
Internal Control Awareness: Tips for Improving Business Practices
Internal Control Awareness: Tips for Improving Business Practices S U S A N H A C K E R I N T E R N A L A U D I T O R Agenda Understand the value of internal controls. Learn some basic principles and best
Internal Control Program
DFA Conversations Office of the University Controller Internal Control Program November 20, 2017 Introduction Bill Sibert, University Controller Erica Jessup, Senior Financial Analyst Phil Turke, Payroll
GATU Webinar Part 1 March 2017 Presented by Carol Kraus, CPA
GATU Webinar Part 1 March 2017 Presented by Carol Kraus, CPA Definition of Internal Controls COSO Internal Control Framework Internal Controls (2 CFR 200.303) Grantee responsibilities Awarding state agency
POLICY. Number: Title: Internal Control Responsible Office: USF System Audit I. PURPOSE AND INTENT
1 2 3 USF System USF USFSP USFSM POLICY 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Number: 0-023 Title: Internal Control Responsible Office:
STUDY UNIT TEN INTERNAL AUDIT RESPONSIBILITIES FOR FRAUD
STUDY UNIT TEN INTERNAL AUDIT RESPONSIBILITIES FOR FRAUD 1 10.1 Fraud -- Nature, Prevention, and Detection..................................... 1 10.2 Fraud -- Indicators........................................................
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES. Department of Communication Report No
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES Report No. 15-02 OFFICE OF INTERNAL AUDITS THE UNIVERSITY OF TEXAS - PAN AMERICAN 1201 West University Drive Edinburg, Texas
MANAGING FRAUD RISK. Teresa D. Thamer, CPA, CFE Brenau University
MANAGING FRAUD RISK Teresa D. Thamer, CPA, CFE Brenau University Overview I. Understanding what Fraud is and is not II. Identifying and assessing key fraud risk areas III. Developing a Comprehensive Fraud
Internal Control Systems
Internal Control Systems What are Internal Controls? Internal Controls are a set of rules, policies, and procedures a municipality can implement to provide reasonable assurances that: its financial reports
Department of Biology
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES Department of Biology Report No. 14-10 OFFICE OF INTERNAL AUDITS THE UNIVERSITY OF TEXAS - PAN AMERICAN 1201 West University
College of Engineering and Computer Science Dean's Office
THE UNIVERSITY OF TEXAS-PAN AMERICAN OFFICE OF AUDITS & CONSULTING SERVICES College of Engineering and Computer Science Dean's Office Report No. 13-16 OFFICE OF INTERNAL AUDITS THE UNIVERSITY OF TEXAS
The most commonly applied model for designing and auditing internal
Fair Value Accounting Fraud: New Global Risks and Detection Techniques By Gerard M. Zack Copyright 2009 by Gerard M. Zack Appendix C Internal Controls over Fair Value Accounting Applications The most commonly
Fraud and Ethics Compliance
1 Fraud and Ethics Compliance United ISD Internal Audit Department Marta G. Stahl, CPA School Year 2014-2015 School Year 2013-2014 2 Purpose This presentation is intended to familiarize you with State
Internal Controls: Providing an Effective Control Environment. Why This Session Is Needed. Lesson Overview & Module Objectives
Internal Controls: Providing an Effective Control Environment Internal Controls 1 Why This Session Is Needed Uniform Guidance has expanded the requirements and increased the focus on internal controls
Financial Controls Checklist
Financial Controls Checklist Board of Health: Board of Health for the Leeds, Grenville & Lanark District Health Unit Period ended: Dec. 31/17 Objective: The objective of the Financial Controls Checklist
Internal Control Questionnaire and Assessment
Bureau of Financial Monitoring and Accountability Florida Department of Economic Opportunity September 30, 2017 107 East Madison Street Caldwell Building Tallahassee, Florida 32399 www.floridajobs.org
Chapter 7 Internal Controls
Chapter 7 Internal Controls Establishment of and adherence to internal controls is a major part of managing an organization. Internal controls serve as the first line of defense in safeguarding assets
Annual Financial Sub-certification
Annual Financial Sub-certification University officials are required to sign a document at the end of the annual financial audit. This document is called a Management Representation Letter and it is signed
Internal Controls and the Internal Auditor. Presented By: Richard Kudlik, CPA
Internal Controls and the Internal Auditor Presented By: Richard Kudlik, CPA Interrelated Components Control Environment Risk Assessment Control Activities Information and Communication Monitoring What
FY 2013 Internal Audit Annual Report
FY 2013 Internal Audit Annual Report Purpose of the Internal Audit Annual Report: To provide information on the assurance services, consulting services, and other activities of the internal audit function.
FRAUD SCHEMES. South Carolina HFMA Finance & Reimbursement Forum. November 13, 2012 WITH RELATED INTERNAL CONTROLS
FRAUD SCHEMES WITH RELATED INTERNAL CONTROLS South Carolina HFMA Finance & Reimbursement Forum November 13, 2012 2 Fraud Facts: Estimated loss of 5% of annual revenues to occupational fraud Financial statement
Internal Controls: COSO, the Uniform Guidance, and More!
Code of Conduct Contact Us ncura.edu FAQ's Log In Internal Controls: COSO, the Uniform Guidance, and More! By Mary Lee Brown posted 02-06-2015 15:45 1 Recommend Within the research administration community
PROJECT SUMMARY. Summary of Significant Results
PROJECT SUMMARY Overview Table of Contents Project Summary... 1 Detailed Observations... 4 Basis of Review...15 Audit Team Information...17 Distribution List...17 Significant weaknesses exist in the internal
INTERNAL CONTROLS FOR NONPROFITS
INTERNAL S FOR NONPROFITS Best Practice Principles, Policies, and Procedures 1 INTERNAL S FOR NONPROFITS GUIDE BACK NEXT PAGE S WITH INTERNAL S FOR NONPROFITS: Best Practice Principles, Policies, and Procedures
The University of Texas at San Antonio. Internal Audit Annual Report For Fiscal Year As required by the Texas Internal Auditing Act
The University of Texas at San Antonio Internal Audit Annual Report For Fiscal Year 2018 As required by the Texas Internal Auditing Act TABLE OF CONTENTS Page I. Compliance with Texas Government Code,
Finance Training 1.10 Introduction to Financial Responsibilities
Finance Training 1.10 Introduction to Financial Responsibilities Training Level What you need to know This training is the first Level 1 course for users who have any University financial responsibilities.
THE UNIVERSITY OF TEXAS AT DALLAS Office of Audit & Compliance 800 West Campbell Rd., ROC 32, RICHARDSON, TX (972)
THE UNIVERSITY OF TEXAS AT DALLAS Office of Audit & Compliance 800 West Campbell Rd., ROC 32, RICHARDSON, TX 75080 (972) 883-2233 February 12, 2014 Dr. Daniel, Internal Audit is required by UTS 142.1,
1. Corporate management (including the CEO) must certify monthly and annually their organization s internal controls over financial reporting.
Chapter 1 Auditing and Internal Control TRUE/FALSE 1. Corporate management (including the CEO) must certify monthly and annually their organization s internal controls over financial reporting. F 2. Both
Achieve. Performance objectives
Achieve Performance objectives Performance objectives are benchmarks of effective performance that describe the types of work activities students and affiliates will be involved in as trainee accountants.
Prince William County Public Schools Annual Audit Plan
Prince William County Public Schools 2011 Annual Audit Plan Office of Internal Audit Vivian Calkins-McGettigan, MBA, CPA, CPFO Chief Internal Auditor Table of Contents Foreword 3 Introduction to the Office
INTERNAL CONTROLS FOR NONPROFITS
INTERNAL S FOR NONPROFITS Best Practice Principles, Policies, and Procedures 1 INTERNAL S FOR NONPROFITS GUIDE BACK NEXT PAGE S WITH INTERNAL S FOR NONPROFITS: Best Practice Principles, Policies, and Procedures
Internal Controls: Need Them, Have Them, Love Them
Internal Controls: Need Them, Have Them, Love Them Tiffany R. Winters, Esquire twinters@bruman.com Brustein & Manasevit Fall Forum 2010 Why Do We Have Internal Controls? The Federal Managers Financial
The University of Texas at Tyler. Contract Administration Audit
November 2016 THE UNIVERSITY OF TEXAS AT TYLER OFFICE OF AUDIT AND CONSULTING SERVICES 3900 UNIVERSITY BOULEVARD TYLER, TEXAS 75799 BACKGROUND This audit was conducted to determine if The University of
Minneapolis Public Schools Special School District No. 1 Minneapolis, Minnesota. Communications Letter of the Student Activity Accounts.
Minneapolis, Minnesota Communications Letter of the Student Activity Accounts June 30, 2018 Table of Contents Report on Matters Identified as a Result of the Audit of the Financial Statements 1 Material
FRAUD AWARENESS UPDATE
Tammy Michaud, CPA, Principal Sarah Belliveau, CPA, Senior Manager FRAUD AWARENESS UPDATE berrydunn.com CATEGORIES OF FRAUD Asset misappropriations (stealing) Theft or misuse of assets Corruption Inappropriate
Internal Control at OSU COSO & Enterprise Risk Management. Oregon State University Board of Trustees Executive & Audit Committee Educational Session
Internal Control at OSU COSO & Enterprise Risk Management Oregon State University Board of Trustees Executive & Audit Committee Educational Session OSU Internal Control Model - COSO The COSO framework
Alyssa G. Martin, CPA Brandon Tanous, CIA, Using the COSO CFE, CGAP, CRMA Framework to Develop a Strong and Preventive Control Environment
Speakers Using the COSO Framework to Develop a Strong and Preventive Control Environment Weaver Public Sector CPE Event Alyssa G. Martin, CPA Dallas Executive Partner, Advisory Services 25+ years of public
Internal Audit Appendix: IIA Standards
Accountability Modules Internal Audit Appendix: IIA Standards Return to Table of ontents The following section provides additional detailed steps to examine when evaluating an internal audit function.
3.6.2 Internal Audit Charter Adopted by the Board: November 12, 2013
3.6.2 Internal Audit Charter Adopted by the Board: November 12, 2013 I. PURPOSE The purpose of this Charter is to formally define LACERS internal audit function s purpose, authority, and responsibility.
Chapter 2 IWK Health Centre: Financial Management Controls and Governance
Chapter 2 IWK Health Centre: Financial Management Controls and Governance OGANS Overall Conclusions The Board of Directors and management of the IWK Health Centre did not effectively govern and oversee
The University of Iowa
The University of Iowa FY 2018 Financial Sub-certification Financial Sub-certification is a control to clarify business units accountability for financial reporting and underlying internal controls. Deans,
In Control: Getting Familiar with the New COSO Guidelines. CSMFO Monterey, California February 18, 2015
In Control: Getting Familiar with the New COSO Guidelines CSMFO Monterey, California February 18, 2015 1 Background on COSO Part 1 2 Development of a comprehensive framework of internal control Internal
Increasing Your Awareness of Fraud: Definitions, Roles and Responsibilities, Methodologies and Tools
Increasing Your Awareness of Fraud: Definitions, Roles and Responsibilities, Methodologies and Tools Cherilyn Montminy, CMA CFE CRMA Audit Manager Internal Audit and Evaluation Bureau Presentation for
THE UNIVERSITY OF TEXAS AT DALLAS Office of Internal Audit 800 West Campbell Rd., ROC 32, RICHARDSON, TX (972)
THE UNIVERSITY OF TEXAS AT DALLAS Office of Internal Audit 800 West Campbell Rd., ROC 32, RICHARDSON, TX 75080 (972) 883-2233 July 31, 2014 Dr. Daniel, President Ms. Lisa Choate, Chair of the Audit and
Fraud Risk Management Review March 18, 2010
Fraud Risk Management Review March 18, 2010 The Office of the City Auditor conducted this project in accordance with the International Standards for the Professional Practice of Internal Auditing Office
Contracting Internal Controls and Risks. Contract Auditing v Contract Monitoring
Contracting Internal Controls and Risks Contract Auditing v Contract Monitoring We will cover the following: Overview of the internal audit function Importance of internal controls Stakeholders in the
Fraud Prevention Training
Fraud Prevention Training The Massachusetts Collectors and Treasurers Association Sixty-Sixth Annual Education Conference June 15, 2015 Presented By: Eric Demas, CFE Melanson Heath edemas@melansonheath.com
Information and and training provid v ed by Smith Elliott Elliott Kearns & Compan
Nuts and Bolts of Avoiding Fraud in Your Organization Information and training provided by Smith Elliott Kearns & Company, LLC as part of this Fraud Avoidance presentation is intended for reference only.
EFFICIENT USE OF AUDIT COMMITTEES
AGENDA EFFICIENT USE OF AUDIT COMMITTEES BRENT YOUNG, CPA JERRY GAITHER, CPA Best practices related to: Audit Committee Process Internal Audit Risk Management 2 AUDIT COMMITTEE PROCESS AND PROCEDURES Audit
Defining Payroll Process
Defining Payroll Process Personal Services = Big Bucks Expenditure includes Adjusted gross pay Employer s share of benefits Payroll department Pays employees Strong internal controls needed 42 Payroll
UCSD DEPARTMENT KEY CONTROLS DOCUMENTATION All Control Activities Sorted by Frequency
Accounting Period: Department/Division: Department Key Controls must be documented in such a fashion to demonstrate the review and follow-up activities were performed. Certain Financial Link tools can
To: Identify your chief goals and objectives Identify risks Prioritize the risks to achieving objectives Determine which controls/processes to review
1 Objective To: Identify your chief goals and objectives Identify risks Prioritize the risks to achieving objectives Determine which controls/processes to review In order to: Develop an effective Internal
Guide to Internal Controls
Guide to Internal Controls Updated January 2017 The Guide to Internal Controls was developed to help you establish and maintain effective internal controls in your department/division. This guide summarizes
INTERNAL CONTROLS FOR NONPROFITS
INTERNAL S FOR NONPROFITS Best Practice Principles, Policies, and Procedures INTRO 1 INTERNAL S FOR NONPROFITS GUIDE BACK NEXT PAGE INTERNAL S FOR NONPROFITS: Best Practice Principles, Policies, and Procedures
Paper FAU (UK) Foundations in Audit (United Kingdom) FOUNDATIONS IN ACCOUNTANCY. Monday 18 June 2012
FOUNDATIONS IN ACCOUNTANCY Foundations in Audit (United Kingdom) Monday 18 June 2012 Time allowed: 2 hours This paper is divided into two sections: Section A ALL TEN questions are compulsory and MUST be
Northern Oklahoma College Tonkawa, Oklahoma
Northern Oklahoma College Tonkawa, Oklahoma Internal Audit Report INTERNAL AUDIT REPORT Table of Contents Section Page Executive Summary of Procedures Performed and Results Thereof... I 1 Expenditures...
VGFOA Fall Conference October 23, 2014 John Montoro, Presenter
VGFOA Fall Conference October 23, 2014 John Montoro, Presenter Brief overview of internal control components under the new COSO framework Monitoring of Internal Controls What to do? By Whom? How? Team
CHAPTER 6 GOVERNMENT ACCOUNTABILITY
Kern County Administrative Policy and Procedures Manual CHAPTER 6 GOVERNMENT ACCOUNTABILITY Section Page 601. General Statement... 1 602. Definitions... 1 603. Fraud, Waste, and Abuse... 1 604. Fraud Protocol...
INTERNAL AUDIT Fraud Investigation Process Campus Administrative Training Series April 24, 2017
INTERNAL AUDIT Fraud Investigation Process Campus Administrative Training Series April 24, 2017 Stewart Cobine, CPA AVP & Chief Audit Officer Maggie Harrell, CFE Senior Investigative Auditor FOCUS OF SESSION
STRENGTHENING INTERNAL CONTROLS. What We Will Cover Today
STRENGTHENING INTERNAL CONTROLS What We Will Cover Today 1. Background 2. Integrated framework of internal control 3. Five elements of internal controls 4. Practical examples 5. Additional resources 2
The University of Texas MD Anderson Cancer Center Internal Audit Annual Report for FY2016
Purpose of the Annual Report Table of Contents I. Compliance with Texas Government Code, Section 2102.015: Posting the Internal Audit Plan, Internal Audit Annual Report, and Other Audit information on
INTERNAL CONTROLS 101
INTERNAL CONTROLS 101 Presented by: Christopher White, CPA Kristina Hoyng, CPA Northwest Region Overview of Topic Internal Controls - The Basics Components of Internal Controls Benefits of Internal Controls
Internal Control 2015 Training
Internal Control 2015 Training Internal Control Training is a mandate under the New York State Internal Control Act, which states that NYS agencies implement education and training efforts to ensure all
Policy Analysis: Internal Controls #1.11 1/2009
Policy Objective: To ensure that University funds are used in a responsible and appropriate manner consistent with the University s mission, applicable law, and ethical practice. Applies To: Any and all
Internal Controls Integrating COSO
Community Action Partnership 2016 Annual Convention August 30 September 2, 2016 Austin, TX J.W. Marriott Austin Internal Controls Integrating COSO Thursday, September 1, 2016 9:15 am 10:45 am Presented
Fraud Control Policy. Enriching Futures
Fraud Control Policy Enriching Futures Table of Contents Fraud Control Policy Statement 1 Governance And Professional Ethics Statement 2 Roles And Responsibilities 3 Fraud Prevention 4 Fraud Detection
Policies, Procedures and Guidelines
Policies, Procedures and Guidelines Complete Policy Title: Internal Audit Department Policy Statement Policy Number (if applicable): Approved by: Audit Committee of the Board of Governors Date of Most
Internal Controls and Fraud Risks
Internal Controls and Fraud Risks Chris Alger, Director of Financial Operations 10/26/2018 Agenda Introduction Internal Control Framework Components of Fraud What s Next? What are Internal Controls? The
audit typology 115 audit universe 101 data and information pool 103 definition 101 structure and content 101
F Subject Index A ABAP 411 ABAP report for IT audit 412 ABAP workbench 417 accruals 319 for contingent losses 323 for legal and consulting costs 324 accrued liabilities audit 318 accruals for contingent
Evaluating Internal Controls
A SSURANCE AND A DVISORY BUSINESS S ERVICES Fourth in the Series!@# Evaluating Internal Controls Evaluating Overall Effectiveness, Identifying Matters for Improvement, and Ongoing Assessment of Controls
Keep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques
Keep Procure-to-Pay (P2P) Fraud at Bay with Fraud Detection Tools & Techniques Chris Doxey, CAPP, CCSA, CICA, CPC President, Doxey, Inc. chris@chrisdoxey.com 571-267-9107 2 May 7-9, 2017 Chris Doxey, CAPP,
UT Dallas Annual Internal Audit Report FY 2012
UT Dallas Annual Internal Audit Report FY 2012 TABLE OF CONTENTS Purpose of the Annual Internal Audit Report... 3 Internal Audit Plan for Fiscal Year 2012... 4 External Quality Assurance Review... 7 Consulting
Contract and Procurement Fraud. Fraud in Procurement without Competition
Contract and Procurement Fraud Fraud in Procurement without Competition Sole-Source Awards Noncompetitive procurement process through the solicitation of only one source Procurement through sole-source
Finance Committee, Board of Health Elizabeth Bowden, Interim Director of Administrative Services FINANCIAL CONTROLS CHECKLIST
March 20, 2016 Report To: Submitted by: Subject: Finance Committee, Board of Health Elizabeth Bowden, Interim Director of Administrative Services FINANCIAL CONTROLS CHECKLIST RECOMMENDATION(S): (a) That
Policy on Financial Accountability & Control
Responsible Official (Title): Responsible Office: Responsible Division: Chief Financial Officer Chief Financial Officer Financial Services Policy on Financial Accountability & Control 1. Policy Statement
INTERNAL CONTROL: COMPLIANCE, OPERATIONAL AND FINANCIAL
INTERNAL CONTROL: COMPLIANCE, OPERATIONAL AND FINANCIAL SECTOR / INTERNAL AUDIT NON-TECHNICAL & CERTIFIED TRAINING COURSE The course then tackles controls at board and senior management level and into
The Red (Book) Rocks The Latest and Greatest Audit Standards
The Red (Book) Rocks The Latest and Greatest Audit Standards Presenter Toni Stephens Chief Audit Executive The University of Texas at Dallas Insert Logo Here Course Objectives Explain the development of
Strengthening Business Practices:
Strengthening Business Practices: The Language of Our Control Environment Debbie Rico Internal Controls We are Like a Business Good control is good business Good control is everyone s business You play
Contract and Procurement Fraud
Contract and Procurement Fraud Fraud in Procurement Without Competition 2018 Association of Certified Fraud Examiners, Inc. Sole-Source Awards The procurement process is noncompetitive through the solicitation
2/27/2017. Segregation of Duties/ Internal Controls. Objectives. Agenda
Segregation of Duties/ Internal Controls 2017 WASBO Accounting Conference David Maccoux, Shareholder Objectives Discuss failures of internal controls to detect or prevent fraud and learn how to implement
The Company seeks to comply with both the letter and spirit of the laws and regulations in all countries in which it operates.
1. Policy Statement ROOT9B HOLDINGS, INC. CODE OF BUSINESS CONDUCT AND ETHICS The Nasdaq listing standards require that the Company provide a code of conduct for all of its directors, officers and employees.
FOUNDATIONS IN ACCOUNTANCY Paper FAU (UK) Foundations in Audit (United Kingdom)
Answers FOUNDATIONS IN ACCOUNTANCY Paper FAU (UK) Foundations in Audit (United Kingdom) June 2012 Answers Section A QUESTIONS 1 10 MULTIPLE CHOICE Question Answer See Note Below 1 A 1 2 D 2 3 C 3 4 B 4
Policy and Procedures Date: November 5, 2017
Virginia Polytechnic Institute and State University No. 3350 Rev.: 8 Policy and Procedures Date: November 5, 2017 Subject: Charter for the Office of Audit, Risk, and Compliance 1. Purpose... 1 2. Policy...
Single Audit Update: Internal Control over Compliance and the GAO s Green Book. MSBO s 80 th Annual Conference April 19, 2018
Single Audit Update: Internal Control over Compliance and the GAO s Green Book MSBO s 80 th Annual Conference April 19, 2018 Presented by: Stephen W. Blann, CPA, CGFM, CGMA Director of Governmental Audit
2.3 Controls in a computerised environment General controls Application controls
TOPIC 2 INTERNAL CONTROL Topic overview In the previous topic you learnt about corporate governance and statutory matters. The aim of this topic is to explain and apply the theory of internal control as
LINK Darla Hill. Office of University Audits. Director, CPA, CIA, CFE https://www.audits.uillinois.edu/
LINK 2017 Office of University Audits Darla Hill Director, CPA, CIA, CFE https://www.audits.uillinois.edu/ Agenda Internal Control Concepts Fraud Scenarios and Internal Control Impacts Internal Audits
Kentucky State University Office of Internal Audit
Draft for Discussion Only P&P Manual Section - Policy# I. Function and Responsibilities MISSION Mission Statement Definition of Internal Auditing PURPOSE, AUTHORITY, RESPONSIBILITY Audit Charter STANDARDS
CHAPTER 7. Internal Control. Review Questions
CHAPTER 7 Internal Control Review Questions 7 1 Internal control is a process, affected by the entity s board of directors, management and other personnel, designed to provide reasonable assurance regarding
Internal Controls Overview
UMBC Management Advisory Services Internal Controls Overview /mas What Is Internal Control? A process designed to provide reasonable assurance regarding the achievement of the following objectives: Effectiveness
Fiscal Year 2014 Internal Audit Annual Report
Fiscal Year 2014 Internal Audit Annual Report Prepared by Tarrant County College District Internal Audit Department TABLE OF CONTENTS I. Compliance with House Bill 16 (Texas Government Code, Section 2102.015):