Internal Control Questionnaire

Policies and procedures for cash handling and banking controls are clearly documented, up-to-date and communicated.

Yes

No

What types of credit cards do you have (Select all that apply)?

All departments perform verification check on fixed assets annually.

Yes

No

Other

Procedures have been established to ensure that suitable action plans are implemented to address all the risks that have been identified.

Assets above a certain threshold amount are promptly tagged to permit easy identification.

Asset disposals are authorised in accordance with the authority limits.

Yes

No

NA

There is segregation of responsibilities between the following functions:

Requisition and approval of capital expenditure

Fixed asset custodians

Approving authorities for asset movement

Maintenance of fixed asset account

Fixed asset verification

How satisfied are you in the Company?

Controls are in place to ensure there is effective monitoring of:

Authorisation of banking transactions
Cash position
Funding arrangements
Accountability and recording of receipts
Validity, accountability and recording of payments
Accountability of cheques
Security of cash funds
Reconciliation of bank accounting records to independent bank statements

Poor

Average

Good

Please rank (1-3) the following sections in order of interest:

Inventory Management
Project Management
Sales and Revenue Recognition