INTERNAL CONTROL GUIDE
Table of Contents

1. Introduction
    
2. Objectives of the Directive.
    
3. Statutory Authority.
    
4. Supersedence.
    
5. Management Responsibilities.
    
6. Effective Internal Controls.
    
7. Risk Assessment.
    
   1. Activities by the Agency
   2. Activities by Outside Agencies
   3. Benefits of Annual Self-Evaluation
       
8. Action Steps for Evaluating Internal Controls
    
   1. Perform an Initial Review of Accounting Systems in Place
   2. Prepare Descriptions of the System
   3. Analyze the Control Environment
   4. Identify the System's Control Procedures
   5. Document Key Internal Control Procedures
       
9. Record Keeping Requirements
    
10. Summary and Questions


Appendix A: Who is Responsible for Implementing Internal Controls?
Appendix B: Internal Control Checklists
 
11. State Agency Internal Control Questionnaire Instructions
     
12. Confirmation of Completion

Questionnaire Sections Applicable to All Agency Programs

• Cash
• Property
• Procurement and Payables
• Employee Compensation - Payroll and Personnel
• Data Processing
• Receivables and Revenues

Questionnaire Sections Applicable to Federal Funds Only

• Federal Funds - General
• Federal Grants Administration
• Federal Grant Accounting.
• Federal Funds - Subgrants
• Federal Student Financial Assistance Programs

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