Utilize Requirements Management, process implementation, Risk Management and Performance Measurement to ensure effective Internal Controls are in place to meet customer, product, project and Service Requirements across thE Business in order to maintain or improve quality delivery.
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.
- Formulate: GAAP technical accounting projects, outsourced controller/CFO work, design of Internal Controls to comply with Sarbanes Oxley, Internal Audits, or other special finance projects.
- Confirm your organization provides compliance related consultancy to management and ensures that existing/New Applications and/or Technology Infrastructure elements comply with Internal Controls, Quality Audit standards and local/federal Regulatory Requirements.
- Ensure your team complies; monitors and analyzes accounting operation compliance with established Regulatory Guidance and Internal Controls to identify problem areas, and/or areas of potential non compliance.
- Establish: 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.
- 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.
- Ensure you gain; lead your Internal Controls program through design and implementation; establish the vision to maintain an effective Internal Control environment over Financial Reporting.
- 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.
- 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.
- 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.
- Establish that your corporation participates in Financial Management, Asset Management, personal property programs, and Internal Controls projects to address the development of policy, guidelines, and procedures.
- Ensure you mobilize; lead and manage Compliance Review/audits and Risk Assessments to identify Compliance Risks and implement programmatic improvements to close Internal Controls gaps or deficiencies.
- Confirm your organization identifies and evaluates technology internally and/or at third parties, Internal Controls which mitigate risks, and related opportunities for Internal Control improvements.
- Lead: in line with the orm framework, you aim to ensure that the Internal Controls that are designed to mitigate technology and Cyber Risks are managed, mitigated and aligned with your Risk Appetite.
- Be accountable for monitoring and testing the effectiveness of policies, procedures, and Internal Controls which are designed to assess your organizations compliance with applicable Regulatory Requirements.
- Be accountable for driving consistent, standardized and effective services in collaboration with Employee Relations, Internal Controls and Compliance, Learning, and Delivery.
- Manage and minimize your organizations Financial Risk exposure by developing and maintaining systems of Internal Controls, and ensuring that Internal Audit follow ups and Risk Management Functions are operating effectively.
- Identify and recommend Business Process changes resulting in strengthened Internal Controls as it relates to operations, compliance or reporting (financial or non financial) objectives.
- Drive transformational change to streamline and optimize cross organization and international product transfer processes, procedures and Improve Effectiveness of Internal Controls over transfers.
- Direct: key resource for external and Internal Auditors for debt payments, interest, accruals and the cushion of credit related to audits of financials, corporate policies, and Internal Controls processes.
- Confirm your business acts as the primary client contact to uncover individual and family financial needs and provide solutions directly or through referrals to Business Partners in compliance with Internal Controls and audit, regulatory, and compliance policies.
- Make sure that your business serves as a member of the Management Team and plans, analyzes, and monitors the formulations and development of programs, procedures, operating policies, Internal Controls and program goals.
- Establish that your corporation 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.
- Ensure your organization complies; designs and develops the most complex testing strategies, methodologies and analyses; evaluates the adequacy and effectiveness of policies, procedures, processes, systems and Internal Controls.
- Ensure your project participates in the design, implementation, and maintenance of Internal Controls and accounting policies to promote Effective Governance and accurate Financial Reporting.
- 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.
- Manage knowledge and skill to evaluate compliance with applicable laws and regulations, the adequacy of Internal Controls, and the Operational Efficiency and effectiveness of systems and activities.
- Assure your organization supports ups Strategic Objectives through auditing, monitoring, documenting, and reporting on Internal IT Business Processes, policies, and procedures to improve Internal Controls and minimize risk.
- Devise: collaboration with other security analysts, privacy specialists, systems architects and security engineers for adjustments to design/build activities to meet Privacy And Security controls and standards for internal Cybersecurity and federal government Compliance Requirements.
- Oversee: conduct it, governance, compliance, and Security Audit programs by understanding organization objectives, structure, policies, processes, Internal Controls, and external regulations.
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
- 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:
- Are you / should you be revolutionary or evolutionary?
- Marketing budgets are tighter, consumers are more skeptical, and Social Media has changed forever the way you talk about Internal Controls, how do you gain traction?
- What users will be impacted?
- What are the Internal Controls key cost drivers?
- Where is Internal Controls data gathered?
- What Internal Controls data should be collected?
- Against what alternative is success being measured?
- Is the cost worth the Internal Controls effort?
- Do you have the authority to produce the output?
- What is the Value Stream Mapping?
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:
- 62 step-by-step Internal Controls Project Management Form Templates covering over 1500 Internal Controls project requirements and success criteria:
Examples; 10 of the check box criteria:
- Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?
- Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?
- Project Scope Statement: Will all Internal Controls project issues be unconditionally tracked through the Issue Resolution process?
- Closing Process Group: Did the Internal Controls Project Team have enough people to execute the Internal Controls Project Plan?
- Source Selection Criteria: What are the guidelines regarding award without considerations?
- Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Internal Controls Project Plan (variances)?
- Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?
- Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?
- Procurement Audit: Was a formal review of tenders received undertaken?
- Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?
1.0 Initiating Process Group:
2.0 Planning Process Group:
- 2.1 Internal Controls Project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 Internal Controls Project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 Internal Controls project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
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
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.