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Internal Controls


This web page is designed to assist you in evaluating the adequacy of internal controls in your department.

An organization must be aware of and deal with the risks it faces.  Therefore, it must develop and implement control policies and procedures to effectively handle potential risks.  Good controls provide reasonable assurance that operations

  • are efficient and effective
  • have reliable financial reporting
  • properly safeguard assets
  • comply with laws and regulations

Internal control, no matter how well designed and operated, can provide only reasonable assurance to management and the Board of Directors/Trustees regarding achievement of an entity's objectives.  The likelihood of achievement is affected by limitations inherent in all internal control systems.  These include the realities that human judgment in decision-making can be faulty, persons responsible for establishing controls need to consider their relative costs and benefits, and breakdowns can occur because of human failures such as simple error or mistake.  Additionally, controls can be circumvented by collusion of two or more people.

The Internal Audit Department is available to assist you, should you require additional information. Contact Internal Audit.