内部控制企业版.pptVIP

* This slide shows you the types of risks that businesses face. Some risks are at the overall entity level, known as entity level or company level risks. Other risks ar at the transactional or at the process level. * * The Third Key Component of the Internal Control Structure is the Communication Component. This Core Component covers: Internal and External Communications – those Control Activities that ensure Goals, Risks, Opportunities, Policies and Procedures, Financial Results are Communicated to Internal And External Groups. Clear delegation of Authority and Responsibility is Critical – For instance and Effective Organizational Structure can be developed with the characteristics we discussed earlier – IF NOT DOCUMENTED and WIDELY AVAILABE however – the communication of this authority is not effective UTC gains a lot of strength from COMMUNICATING Problems – IN BOTH Directions from the TOP down and from the BOTTOM Up! – WE WILL see some Examples of this on the next several slides – The KEY to developing control activities that enhance Communication is to ensure that Both Directions are Considered and Problems Identification and Resolution is a FOCUS. REDUCING THE GRAY/AMBIGUOUS AREAS of an DECISION MAKING Information and communication Information must be captured and communicated throughout the organization to effectively: Manage business operations Prepare accurate financial statements Determine compliance with rules and regulations Address any additional lower level objectives * Monitoring is as much a Company’s Cultural Makeup as it is a Formal Policy The benefits of constant monitoring of Key business transactions and functions needs to be part of the culture, training and communications, Senior Management has with staff. Monitoring activities include: Daily supervisory activities Exception reports Periodic evaluations at all levels Self-assessment Hard Close Reviews Internal audit Field Visits * These are the tools to help achieve our I/C objectiv