Internal Controls Toolkit

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Assure your organization participates in comprehensive financial studies to explore various aspects of Financial Management and Internal Controls with the goal of increasing process effectiveness, Reducing Costs, and improving overall ability for mission execution to operational partners.

More Uses of the Internal Controls Toolkit:

  • Manage work with Key Stakeholders to strengthen governance, risk and control environments by anticipating issues, providing feedback and sharing Internal Controls knowledge and best practices.

  • Follow all safety policies and organization wide safety requirements; encourage action assuring safe behavior; confront unsafe behavior and conditions proactively and positively.

  • Evaluate risks related to Requirements Management, Business Process definition, testing processes, Internal Controls, project communications, training, and Organizational Change Management.

  • Identify: monitor emerging best practices in Internal Controls, Regulatory Compliance, and validation programs and adopt Continuous Improvement principles to support enhanced control environment.

  • Assimilate and synthesize complex processes and information to see trends and patterns of business issues, identify critical issues and anticipate a range of impacts.

  • Be accountable for testing Internal Controls by reviewing and documenting relevant evidence to conclude on the design and operational effectiveness of controls and the overall control environment.

  • Supervise: review and assesses Operational Efficiency, financial records and ledger accuracy, and the effectiveness of Internal Controls; develops, recommends and implements program enhancements, controls, Policies and Procedures.

  • Oversee the development and implementation of necessary compliance policies, procedures, and Internal Controls consistent with legislative and Regulatory Requirements/expectations, emerging trends, and industry best practices.

  • Lead: function as a liaison with the Internal Audit function and External Auditors regarding matters of Internal Control over Financial Reporting and respond to audit findings; design and implement Processes And Procedures to remedy control findings.

  • Interpret relevant regulations and understand how to adapt to changes through the implementation of Internal Controls and create a supporting roadmap to deploy organization wide scalable solutions.

  • Warrant that your planning oversees your organizations Quality Assurance and Quality Control principles, methods and processes, advising the Chief Operating Officers and the Executive Committee on Internal Controls on matters.

  • Be accountable for establishing the procedures for detection and correction of Data Quality issues and the collaborate to establish policies procedures and Internal Controls affecting the quality of data.

  • Identify and recommend Business Process changes resulting in strengthened Internal Controls as it relates to operations, compliance or reporting (financial or non financial) objectives.

  • Be accountable for crafting detailed written specifications for developers and technology staff to enhance Internal Controls in response to new regulations and the launching of new business lines.

  • Drive transformational change to streamline and optimize cross organization and international product transfer processes, procedures and improve effectiveness of Internal Controls over transfers.

  • Provide effective challenge lead operating process and Internal Control improvement by reviewing, monitoring and testing Internal Controls and procedures associated with products, services, customers and operations.

  • Establish that your planning complies; audits financial and operational records and data to determine the effectiveness of Internal Controls and the level of compliance with applicable statutes, rules, procedures, policies, and regulations.

  • Secure that your strategy performs independent review with the use of Data Analysis procedures on populations of transactions to validate the adequacy and effectiveness of Business Processes, Internal Controls, and Regulatory Compliance.

  • Oversee: work across product and technology to continuously improve the effectiveness and efficiency of Internal Controls through best practice controls design and the application of automation.

  • Ensure your team assess risk exposure, oversee the Enterprise Risk Management program, and identify and administer appropriate property, casualty, and liability insurance for your organization.

  • Support and develop policies and Internal Controls working with legal and compliance teams and business owners to ensure you are complying with regulatory obligations on an annual basis.

  • Ensure your venture participates in Financial Management, Asset Management, personal property programs, and Internal Controls projects to address the development of policy, guidelines, and procedures.

  • Assure your enterprise complies; directs the preparation of written audit reports in accordance with your organizations standards and policies, generally accepted auditing standards and/or accounting principles.

  • Manage work with management in the development and implementation of appropriate Internal Controls and measurements to reasonably ensure that the activities of your organization comply with the law, regulation, and rules.

  • Engage with cross functional partners for analyzing problems, assessing risks, developing improvement opportunities and/or Corrective Actions, building consensus and supporting implementation of remediation solutions.

  • Head: conduct it, governance, compliance, and Security Audit programs by understanding organization objectives, structure, policies, processes, Internal Controls, and external regulations.

  • Formulate: monitor your organizations system of Internal Controls to ascertain organization wide compliance; identify any apparent violations of Regulatory Requirements and organization policy.

  • Be accountable for supporting AML program requirements related to controlling risk to your organization and to your communities by operating existing and new Internal Controls, ensuring compliance with Policies and Procedures.

  • Support and develop policies and Internal Controls working with legal teams and business owners to ensure your organization is complying with regulatory obligations on an annual basis as it relates to Third Party integrations.

  • Be accountable for evaluating the adequacy of and effectiveness of policies, procedures, processes and Internal Controls and providing credible challenge to business aligned compliance partners, front line businesses and front line control.


Save time, empower your teams and effectively upgrade your processes with access to this practical Internal Controls Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Internal Controls related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Internal Controls specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Internal Controls Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Internal Controls improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. What happens when a new employee joins your organization?

  2. Is there any other Internal Controls solution?

  3. How can you measure Internal Controls in a systematic way?

  4. Internal Controls Risk Decisions: whose call is it?

  5. Are resources adequate for the scope?

  6. Do you have an implicit bias for capital investments over people investments?

  7. Are losses recognized in a timely manner?

  8. What are specific Internal Controls rules to follow?

  9. Who have you, as a company, historically been when you've been at your best?

  10. Which stakeholder characteristics are analyzed?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Internal Controls book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Internal Controls self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Internal Controls Self-Assessment and Scorecard you will develop a clear picture of which Internal Controls areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Internal Controls Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Internal Controls projects with the 62 implementation resources:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Internal Controls project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Internal Controls project team have enough people to execute the Internal Controls project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Internal Controls project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Internal Controls Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Internal Controls project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Internal Controls project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Internal Controls project with this in-depth Internal Controls Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Internal Controls projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Internal Controls and put Process Design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Internal Controls investments work better.

This Internal Controls All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.