Drawing on her many years as a consultant to numerous companies big and small, author Rose Hightower infuses Internal Controls Policies and Procedures with her wealth of experience and knowledge. Instead of reinventing the wheel, your company can use this useful how-to manual to quickly and effectively put a successful program of internal controls in place. Complete with flowcharts and checklists, this essential desktop reference is a best practices model for establishing and enhancing your organization's control framework.These manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance. URLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments. Although times have changed, the principles professed are sound and solid for today s accounting and business environment. Implementing these cornerstones will produce a principled manageable approach. These manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting / auditing students and any others interested in specific topics or general disciplines. The discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization. These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas.

Drawing on her many years as a consultant to numerous companies big and small, author Rose Hightower infuses Internal Controls Policies and Procedures with her wealth of experience and knowledge. Instead of reinventing the wheel, your company can use this useful how-to manual to quickly and effectively put a successful program of internal controls in place. Complete with flowcharts and checklists, this essential desktop reference is a best practices model for establishing and enhancing your organization's control framework.These manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance.URLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments.Although times have changed, the principles professed are sound and solid for today's accounting and business environment. Implementing these cornerstones will produce a principled manageable approach.These manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting / auditing students and any others interested in specific topics or general disciplines.The discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization.These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas.

How to Use this Manual xiPreface xiiiGovernance Journey 1A01 Big G to little g governance journey 3Appendix: Background for COSO, SOX, PCAOB 7A02 Risk Assessment 10A03 Oversight 16A04 Documentation 20Internal Control Program 25B01 Internal Control Program 27B02 Internal Control Process 37B02a Internal Control Policy and Procedure 52B02b Internal Control Program Charter 55B02c Internal Control Plan 57B03 Authorization and Approval Program 69B03a Delegation of Authority 73B03b Authorization - Delegation, SubDelegation of Authority 79B03c Responsibility, Authority, Support, Counsel, and Inform (RASCI) 83B04 Information Technology Program 87B04a End-User Computing--Control of Spreadsheets Policy and Procedure 95B05 Account Reconciliation Program 97B05a Account Reconciliation 101B06 Quarterly Subcertification Program 105B06a Quarterly Subcertification 120B06b Quarterly Subcertification - Matrix 122B06c Quarterly Financial Subcertification Training For First-Time Subcertifiers 124Control Activity Program Testing Guides 133C01 Control Activity Program 135C01a Control Activities Template 147C01b Result of Control Activity Testing 148C01c Internal Control - Planning, Testing, and Remediation Worksheet 149C01d Reporting Scorecard 151C02 AP - Disbursements 153C02a AR - Allowance for Doubtful Accounts 158C02b AR - Cash Applications 162C02c AR - Collections 166C02d AR - Credit Administration 169C02e Cash and Marketable Securities 172C02f Financial Planning and Analysis 176C02g Fixed Assets, Long Lived Assets 179C02h Intercompany Transactions - Cross Charges 183C02i Raw Materials and Inventory 187C02j Journal Entries 194C02k Payroll 197C02l Procurement 201C02m Revenue Recognition 205C02n Retail Sales Orders to Business Partners 209C02o Income Tax 213AppendixInternal Control Planning, Testing and Remediation Worksheets 217Acronyms 263References 265Index 267