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1/13/2013 IFTA IRP 2013 AUDIT WORKSHOP RECORD RELIANCE: INTERNAL CONTROLS 1 of 51 FACILITATORS Chester Cook (GA) IRP Audit Committee Chester. Cook FOR.GA.GOV Dawn Laity (NV) IFTA Audit Committee Dietz
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What is record reliance internal controls?
Record reliance internal controls are procedures put in place by a company to ensure the accuracy and reliability of their financial records.
Who is required to file record reliance internal controls?
Companies that are publicly traded or regulated by governing bodies such as the SEC are required to file record reliance internal controls.
How to fill out record reliance internal controls?
Record reliance internal controls should be filled out by documenting policies, procedures, and processes related to financial record keeping.
What is the purpose of record reliance internal controls?
The purpose of record reliance internal controls is to prevent fraud, ensure accurate financial reporting, and maintain compliance with regulations.
What information must be reported on record reliance internal controls?
Information that must be reported on record reliance internal controls includes details on financial processes, controls in place, and any potential risks.
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