6.2.1.1.1

Purpose

Effective Date:

July 1, 1991

This chapter provides guidelines for internal control procedures, suspected loss procedures, internal auditing programs, risk assessment checklists and internal control checklists relating to specific types of assets and transactions. Each agency should use this chapter as needed for developing individualized internal control and auditing practices. The procedures are by necessity very general in nature and may or may not apply to each agency's specific situation or needs.

These internal control and audit tools are provided for use in assessing risk and evaluating internal controls. Agencies are also encouraged to evaluate their environment and develop alternative methods or checklists that are specific to their individual needs. Alternative methods or checklists developed by agencies are to include, at a minimum, the areas from the general checklists provided herein that apply to their specific situation.

Agencies should also refer to the internal accounting control guidance embodied as a part of the Accounting Policies set forth in Part 2 of this manual. Additional specific control assessment and review guidance can be obtained from other appropriate Parts of this manual (i.e. Budget, Inventories, and other General Administrative policies as used in agency operations).