Please enable JavaScript.

Coggle requires JavaScript to display documents.

Internal Control (Internal Control systems (Fraud and Error, Accounting…

- - - - Controls over sales, purchaeses, payroll and inventory cycles
      - Budgetary Control
    - - Balanced scorecard targets
      - TQM Quality Measures
    - - Management controls eg structures, contract of employment
      - physical controls
      - Employee training
      - project management
  - - - Establishing reporting Lines
      - Co-ordinating Activities eg committees or project teams
      - delegating authority
      - Separation of operations into departments or responsibility centres. clear division of responsibilities
    - - Top Level Review
      - Activity Control
    - - Safes
      - CCTV
      - Inventory Checks
      - Security Guards
      - Secure entry Sytem
      - Dual Custody of valuable assets
- - - - Contracts Of Employment
      - Organisation Structure
      - Policies and Procedures
      - Discipline and Reward systems
      - Performance Appraisal and Feedback
    - - Accurate (and therefore reliable)
      - Understandable
      - Timely
      - Relevant to the Actions being taken
    - - Controllable Risk
      - Uncontrollable Risk
      - Internal Factors
      - External Factors
    - - Managments
        
        Actions
        
        Awareness
        
        Attitude
  - - - Includes procedures for reporting control failings or weaknesses
      - Able to respond to changes within and outside the company
      - Embedded within operations and not treated as a separate exercise