Finance Control Environment Checklist
Finance Control Environment Checklist
Evaluate the organization's financial processes against each checklist question, providing a clear indication of whether the specified control measures are in place Mark the Yes column if the corresponding control measures are implemented in your organization, or No if not.
|
Finance Control Area |
Checklist Question |
Yes |
No |
|
Segregation of Duties |
Are responsibilities for transactions appropriately segregated? |
|
|
|
Authorization and Approval |
Are there documented procedures for obtaining proper authorization for financial transactions? |
|
|
|
Financial Reporting |
Are financial reports accurate, timely, and in compliance with accounting standards? |
|
|
|
Access Controls |
Are access rights to financial systems restricted based on job responsibilities? |
|
|
|
Internal and External Audits |
Is there a system in place to facilitate both internal and external audits? |
|
|
|
Risk Management |
Is there an identified and documented risk management process for financial activities? |
|
|
|
Compliance |
Are financial activities and reporting in compliance with applicable laws and regulations? |
|
|
|
Training and Awareness |
Are employees involved in financial processes adequately trained? |
|
|
|
Technology and Security |
Are financial systems and data adequately protected against unauthorized access and cybersecurity threats? |
|
|
|
Ethical Conduct |
Is there a code of conduct regarding ethical behavior in financial matters? |
|
|
