Internal Control & Risk Management Tools

AS Internal Controls - Shaping a Culture of Accountability

Internal Control Guidance

• About Internal Control & Five Components of Internal Controls
• Memorandum of Understanding - Shaping a Culture of Accountability
• Memorandum of Understanding - Shaping a Culture of Accountability(Agency with less than 7 employees)

Internal Control Tools

• Brainstorming Techniques
• Continuous Risk Process
• Event Tree - Actions applied to an event (risk) and expected consequences of those actions
• Model Internal Control Plan
• Process Matrix
• Risk Assessment Methods and Measures
• Risk Identification and Evaluation
• Risk Assessment Tool Kit
• Risk Assessment Technique Considerations
• SWOT (Strengths, Weaknesses, Opportunities, Threats)
  • Profile
  • Response
  • Profile Fill-in Form

Self-Assessment Tools

• Entity Level Controls
• Expenditures and Disbursements
• Example Questions for Individuals or Focus Groups

Other Tools

• Sample Internal Controls Checklist
• Small Agency Finance Management Self-Assessment Tool