This tool contains two self-assessment questionnaires that can be used by management to design, adhere to and monitor a company’s significant operating and financial controls.
Sample questions include: Are the policies and procedures in your area documented? Are the policies and procedures in your area up to date? Which risks do you see that threaten the business objectives of your area? How do you control the major activities, output, etc., in your area? What are the key information systems utilized in your area? Do senior and line management executives demonstrate that they accept control responsibility, not just delegate that responsibility to financial and audit staff?