Internal Control Quality and Effectiveness Checklist

Download Internal Control Quality and Effectiveness Checklist

1. Has operating management taken ownership of their processes and documentation, rather than leaving it to the Section 404 team or the internal auditing function?

2. Does operating management update all process and control documentation promptly throughout the year and not just when testing starts? Is there an effective change management process in place, including the timely assessment of process changes for their potential impact on key controls?