Ethics and Internal Controls - GFOAT Fall Conference...CAN YOU HAVE GOOD ETHICS AND BAD INTERNAL...
Transcript of Ethics and Internal Controls - GFOAT Fall Conference...CAN YOU HAVE GOOD ETHICS AND BAD INTERNAL...
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Ethics and Internal Controls A Useful checklist
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How do these fit together?
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CAN YOU HAVE GOOD ETHICS AND BAD
INTERNAL CONTROLS?
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More and More legislation on Internal Controls and Ethics in Business Industry!
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Unethical behavior is costing organizations money!
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Basic Internal Controls Process
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Simple Audits can be done with a checklist to combat fraud and strengthen Internal Controls.
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Types of Fraud
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A simple Risk Based Assessment can be done to ask your self if you have good internal controls.
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IT Internal Controls
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Physical Asset Internal Controls Audits At least once a year.
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Financial Data Internal Controls
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Protect yourself – keep duties separate!
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Hire Good Employees
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Have Great Payroll Internal Controls
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Good Internal Control in Sales or -Enterprise Fund
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Internal Controls in A/R
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Internal Controls for Accounts Payable
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Cash Internal Controls
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Cash Internal Controls
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What happen if you have no Internal Controls?
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Checklist help to combat fraud in your Organization!
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Questions?