spacerheader

A-Z Index | Directories

navheader  
 
E. Monitoring

Monitoring the effectiveness of internal controls should occur in the normal course of business. In addition, periodic reviews, reconciliations or comparisons of data should be included as part of the regular assigned duties of personnel. Periodic assessments should be integrated as part of management’s continuous monitoring of internal controls, which should be ingrained in the organization’s operations. If an effective continuous monitoring program is in place, it can level the resources needed to maintain effective internal controls throughout the year.

Deficiencies found in internal controls should be reported to the appropriate personnel and management responsible for that area. Deficiencies identified, whether through internal review or by an external audit, should be evaluated and corrected. A systematic process should be in place for addressing deficiencies.

Return to Internal Controls

 

 

 

 

 

 

 

 
   
 
footerspacer
Kennesaw State University, 1000 Chastain Road, Kennesaw GA 30144
© 2012 Kennesaw State University. All rights reserved.
spacer