AUD 3 Internal Control 18 - 1 Documentation of Internal Control Structure - ICQ Flashcards
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to do_______ the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the und_______ing of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An au_____ is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is re____ed to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s in______ control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal con____.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a cli___’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of docu_______ required
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is n_ specific means of documentation required
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required
Documenting the Internal Control Structure
There is no sp__ific means of documentation required
Documenting the Internal Control Structure
There is no specific means of documentation required
Documenting the Internal Control Structure
There is no specific means of documentation re____ed and the auditor may select any method,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may se____ any method,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any me____, or combination of methods,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or com______ of methods,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of me____s, that best suits the needs of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best s___s the needs of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the n___s of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that b__t suits the needs of the auditor in being able to apply the understanding
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the au_____ in being able to apply the understanding
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the und_______ing
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to a__ly the understanding to result in an audit
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to re____ in an audit
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both ef______ and effective.
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is b__h efficient and effective.
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and eff______.
Documenting the Internal Control Structure
There is no specific means of documentation required and the auditor may select any method, or combination of methods,
that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is re____ed to do________ the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the un_______ing of a client’s internal co_____l.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select a__ met___, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that b__t s___s the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to a__ly the und________ing to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both ef______ and eff______.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
An auditor is required to document the understanding of a client’s internal control.
There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Que________ (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (str______) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (we________s)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all con____ activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control ac_____es:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (I__)
Yes (strength) / No (weakness)
questions covering all control activities:
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
Internal Control Questionnaire = I__
Internal Control Questionnaire = ICQ
Internal Control Questionnaire =
Internal Control Questionnaire = ICQ
Internal Control Questionnaire = ___Q
Internal Control Questionnaire = ICQ
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Documenting the Internal Control Structure
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of docu_______ is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One com___ form of documentation is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control que_______ (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (____).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
One common form of documentation is the internal control questionnaire (ICQ).
A qu_________ always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire al___s phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always ph____s questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases qu______s in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that re____es a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a y__ or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or n_ answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no an____ for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for e__h question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each qu______,
with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a y__ answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the pre______ of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially use___ control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a po_______y useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful con____,
and a no response indicating a weakness.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a n_ response indicating a weakness.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a w___ness.
This is consistent with the emphasis of the auditor
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
This is consistent with the emphasis of the auditor
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
This is co_________ with the emphasis of the auditor
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
This is consistent with the emphasis of the auditor
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
This is consistent with the e____sis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control,
and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the au_____ on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding str______s in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the sys___ to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to r__y on.
Internal Control Questionnaire (ICQ)
A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common f__m of doc________ is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (____).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that re_____s a yes or no an_____ for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a y_s answer indicating the presence of a potentially useful co_____, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a n_ response indicating a we____ss.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on fi__ing str______s in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
One common form of documentation is the internal control questionnaire (ICQ).
A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
Internal Control Questionnaire (ICQ)
A well-designed que________ will include questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A well-de____ed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A w___-designed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will inc_____ questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include qu______s related to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions re____d to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to e__h of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the dif______ types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of co_____ activities (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control ac_____es (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
that may be utilized in an internal control str______.
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
that may be utilized in an internal control structure.
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be u____ed in an internal control structure.
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested).
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested).
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
There is no perfect ques________ that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
Internal Control Questionnaire (ICQ)
There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
Internal Control Questionnaire (ICQ)
There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
(these questions should be made more precise by referring to documents and personnel that are used in the specific depa______ that is being tested).
Internal Control Questionnaire (ICQ)
There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
(these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested).
Internal Control Questionnaire (ICQ)
For e__h of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
Internal Control Questionnaire (ICQ)
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
Internal Control Questionnaire (ICQ)
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
PRAISE
• P______ controls
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
Internal Control Questionnaire (ICQ)
PRAISE
• Physical c_______
• Recording
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
• Recording
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
• R________
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
• Recording
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
• Recording
• A___________
Internal Control Questionnaire (ICQ)
PRAISE
• Physical controls
• Recording
• Authorization
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • I\_\_\_\_\_\_\_\_\_\_\_ checks
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent c\_\_\_\_\_\_\_
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • S\_\_\_\_\_\_\_\_\_\_ of duties
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of d\_\_\_\_\_
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • E\_\_\_\_\_\_\_\_ performance
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate p\_\_\_\_\_\_\_\_\_\_\_
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (AR__)
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (A__C)
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (\_\_\_\_\_\_)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
• S\_\_\_\_\_\_\_\_\_ of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o A__________
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o R_______
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o C______of assets
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of a_______
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o C\_\_\_\_\_\_\_\_\_
Internal Control Questionnaire (ICQ)
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • P\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • R\_\_\_\_\_\_\_\_ • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • A\_\_\_\_\_\_\_\_\_\_\_ • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • I\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • S\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • E\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (\_\_\_\_\_)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o A\_\_\_\_\_\_\_\_\_\_
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o R\_\_\_\_\_\_\_\_\_
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o C\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o C\_\_\_\_\_\_\_\_\_\_\_
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
Yes (strength) / No (weakness)
questions covering all control activities:
For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
• P_______ controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties (ARCC)
o Authorization
o Recording
o Custody of assets
o Comparison
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
• Physical co_____s
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper se___ity maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is pro___ security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security mai_____ed over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department as___s?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeg____s over unused documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there ade_____ safeguards over unused documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over un___d documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused do_______s?
Internal Control Questionnaire (ICQ)
• Physical controls
– Is proper security maintained over valuable department assets?
Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Physical controls
– Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
• Recording
– Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Physical controls
– Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
• Recording
– Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Re____ing
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are tra_________s documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions do________ed as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to a__ relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all rel_____ terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant t___s and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and des______s?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents pr_________ed and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and pe______lly accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically ac_____ed for?
Internal Control Questionnaire (ICQ)
• Recording
– Are transactions documented as to all relevant terms and descriptions?
Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Recording
– Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
• Authorization
– Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Recording
– Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
• Authorization
– Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Au_________
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are tra_______s authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions au______ed by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by per_______ at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least o__ level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level ab___ the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the re______ level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties in____ed in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the th___ parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third p___ies involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions ap____ed in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in tra_______s approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in ad____e?
Internal Control Questionnaire (ICQ)
• Authorization
– Are transactions authorized by personnel at least one level above the request level?
Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Authorization
– Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
• Independent checks
– Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Authorization
– Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
• Independent checks
– Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• I__________ checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent c____s
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are do______s compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents co_____ed to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to v____y their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their ag____ent before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement be____ transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before tra________s are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are ex_____d?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are re____s periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records pe_______lly reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically re_____led to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to re____d documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related doc______s?
Internal Control Questionnaire (ICQ)
• Independent checks
– Are documents compared to verify their agreement before transactions are executed?
Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Independent checks
– Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
• Segregation of duties
– Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Independent checks
– Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
• Segregation of duties
– Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• S__________ of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of d__ies
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the pr_______ function of the department
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the de________
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal fun_____ of the department
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Au_________, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Re____ing, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Cus___y)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
inde________ of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of e__h of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other t__ functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two fun____s?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Is the principal function of the department
(Authorization, Recording, or Custody)
independent of each of the other two functions?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties
– Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Segregation of duties
– Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• E_______ performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate p_________
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there wr_____ department policies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written dep________ policies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department p____ies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and proce____s?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unu____ or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or un____leted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted tra_______s periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions pe_______lly investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically in_______ed?
Internal Control Questionnaire (ICQ)
• Evaluate performance
– Are there written department policies and procedures?
Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance
• Evaluate performance
– Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• S__________ of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of d___es
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the pri______ functions of each process,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal fu______s of each process, authorization,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of e__h process, authorization, recording,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, c
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each pr____s, authorization, recording,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, auth________, recording, custody,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, re____ing, custody,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, cu____y, and comparison (ARCC)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and co_________ (ARCC)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC)
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (AR__) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (__CC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) in_________ of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of o__ another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Aut\_\_\_\_\_\_\_\_\_ – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are tr\_\_\_\_\_\_\_\_s authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at l\_\_\_t one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least o\_\_ level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level a\_\_\_\_\_ the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request le\_\_\_?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Re\_\_\_\_ing – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are tran\_\_\_\_\_\_\_s documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions do\_\_\_\_\_\_\_ed as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant t\_\_\_s and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and des\_\_\_\_\_\_\_s? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are doc\_\_\_\_\_\_s prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents pre\_\_\_\_\_\_red and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and pe\_\_\_\_\_\_\_ly accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically ac\_\_\_\_ed for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o C\_\_\_\_\_y of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of as\_\_\_s – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody li\_\_\_ed to those with a need to have access?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a n\_\_d to have access?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have a\_\_\_\_s? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with ac\_\_\_s subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to b\_\_\_ing or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or ap\_\_\_\_\_\_\_\_ background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate back\_\_\_\_\_\_d checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background ch\_\_\_s?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Co\_\_\_\_\_\_\_\_
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are ph\_\_\_\_\_ assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical a\_\_\_\_s periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets pe\_\_\_\_\_\_lly reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically re\_\_\_\_iled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to re\_\_\_\_ed amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison – Are physical assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded am\_\_\_\_s?
Are normal activities,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are nor\_\_\_ activities, such as bank deposits,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal ac\_\_\_\_\_ies, such as bank deposits,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank de\_\_\_its, subject to comparisons
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to com\_\_\_\_\_\_\_s of recorded amounts to support documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of re\_\_\_\_ed amounts to support documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to su\_\_\_\_t documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as co\_\_\_\_ing daily deposits
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support doc\_\_\_\_\_\_s,
such as comparing daily deposits
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as co\_\_\_\_ing daily deposits to remittance listings
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing d\_\_\_y deposits to remittance listings
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to re\_\_\_\_ance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance li\_\_ings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or re\_\_\_\_iling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling am\_\_\_\_s in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in c\_\_h registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash r\_\_\_\_\_ers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as b\_\_k deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Comparison
– Are physical assets periodically reconciled to recorded amounts?
Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o A\_\_\_\_\_\_\_\_\_\_ – Are transactions authorized by personnel at least one le\_\_\_ above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o R\_\_\_\_\_\_\_\_ – Are transactions do\_\_\_\_\_\_\_\_ed as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o C\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ – Is custody l\_\_\_ted to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o C\_\_\_\_\_\_\_\_\_\_\_ – Are physical assets periodically re\_\_\_\_iled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical as\_\_\_s pe\_\_\_\_\_\_ally reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
• Segregation of duties
– Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ)
Normally, it is possible to identify at least one document, record, or asset to fit each question.
Thus, a questionnaire involving the production cycle might ask, “Is proper security maintained over work-in-process inventories?” One involving the payroll cycle might ask, “Is proper security maintained over signature plates?”
Internal Control Questionnaire (ICQ)
Normally, it is possible to identify at least one document, record, or asset to fit each question.
Thus, a questionnaire involving the production cycle might ask, “Is proper security maintained over work-in-process inventories?” One involving the payroll cycle might ask, “Is proper security maintained over signature plates?”
