Internal Control Starts At The Top
The Board is responsible for the following:
- Creating the Tone-at-the-Top
- Procedures Are In Place To Objectively Assess Management’s Practices
- Management Develops And Adheres To Sound System Of Internal Controls
- Independent Auditors Assess System’s Financial Reporting Practices.
The Executive Director is responsible for the following:
- Properly develops internal controls
- Adheres To Sound System Of Internal Controls
- Continuous oversight to assure adherence to sound system of internal controls
- Annual Independent Auditors Assessment of the System’s Financial Reporting Practices
- Presents Positive Tone-at-the-Top Regarding Importance of System of Internal Controls.
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