INTERNAL CONTROL FUNCTION

INTERNAL CONTROL FUNCTION

1. Processes

   • designing specific control
   • evaluate the risks
   • automated contol

2. Objectives

   • effective & efficient operations
   • reliable financial assets
   • safeguard of assets
   • compliance with laws & regulations

3. People

   • all employees (department)
     • it develop
     • it guides
     • it provides

4. Organization

   • Board of Directors
     • provides governance
       • guidance
         • oversight
   • Management
     • design and implementing effective control
   • Auditors
     • make recommendation
       • assess
   • Audit Committee
     • discuss with management

5. System

   • Control Environment
     • provides discipline
     • organizational structure
     • integrity & ethical behavior
   • Access Control
     • prevent theft
     • prevent against abuse
   • Information & Communication
     • record
     • maintain
     • report
   • Monitoring
     • assess design
     • timely basis
     • take corrective action
   • Risk Assessment
     • identify
     • analyze
     • risks controlled & managed