An effective internal control system enables you to manage significant risks and monitor the reliability and integrity of financial and operating information. It also ensures that the audit committee acts as a powerful and proactive agent for corporate self-regulation. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed the following questions to help senior executives and directors gain a better understanding of their organizations control systems.
What is INTERNAL CONTROL QUESTIONNAIRES?
sounds like a service control survey for a certain company
Reply:A questionnaire that companies spend too much money administering and when you take it they will use it against you if they need to.
Reply:ICQs are used by the departments of a company to test their business processes and to test their readiness for an audit. They usually consist of a list of questions designed to ascertain whether the practices and procedures necessary to carry out work in different areas are being adhered to.
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Informative blogspot.It has really nice infomration.
ReplyDeleteSample questionnaires