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INTERNAL CONTROL CHECKLIST Revised January 201912 3 4 5 6CONTROL ENVIRONMENT QUESTION RESPONSE Are appropriate faculty and staff familiar with University Policies, Finance and Accounting Policies

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1. Start by reviewing the existing internal controls framework provided by your organization or department. Familiarize yourself with the specific controls that need to be filled out and the purpose of each control.
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1. Organizations of all sizes and types can benefit from implementing internal controls. This includes private companies, government agencies, and non-profit organizations.
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Internal controls are processes and procedures designed to ensure the reliability of financial reporting, compliance with laws and regulations, and the effectiveness and efficiency of operations.

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Entities subject to the Internal Controls - UW requirements as defined by regulatory authorities.

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The purpose of internal controls - uw is to provide assurance that an entity's operations are conducted in a reliable and compliant manner.

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Information such as the entity's control environment, risk assessment processes, control activities, information and communication, and monitoring activities must be reported on internal controls - uw.