INTERNAL CONTROL

INTERNAL CONTROL

1. designed implemented n maintained by those charged with governance to provide reasonable assurance that the objectives are met

   • OBJECTIVEs *reliable FR *efficient & effective op *compliance with applicable laws & reg
     • fr=financial reporting
     • RELIABLE FR=ASSERTIONS
       • SFP
         • PC CARE
           • PRESENTATION CLASSIFICATION COMPLETENESS ACCURACY,VALUATION AND ALLOCATION RIGHTS AND OBLIGATIONS EXISITENCE
       • SPLOC
         • OCCCAP
           • Occurence classification,completeness,cut-off,accuracy,PRESENTATION

2. COMPONENTS

   • CONTROL ENVORO
     • ABC HOM
       • -assignment of authority & responsibiltiy -board participation -communication & enforcement of intergrity and ethical values -commitment to competence -human resource practices & policies -0rg structure -Management philosopy n operating style
   • RISK ASSESSMENT
   • MONITERING CONTROLS
   • CONTROL ACTIVITIES
   • INFORMATION SYSTEMS

3. INHERENT LIMITATIONS

   • -cot vs benefit -routine procedures -HUMAN error -collusions -management over-ride -change in circumstances making controls redundent

Imagens e arquivos do mapa