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Table of Contents 14B2320W GETTING STARTED ADDITIONAL INFORMATION INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 SAFETY. . . . . . . . . . . . . . . . . . .
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Start by understanding the purpose and function of the controls you are describing.
02
List down the main features and functionalities of the controls.
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What is description of controls?
Description of controls is a document that outlines the internal controls in place within an organization to ensure accurate financial reporting.
Who is required to file description of controls?
Publicly traded companies are required to file description of controls with the Securities and Exchange Commission (SEC).
How to fill out description of controls?
Description of controls must be filled out by detailing the processes and procedures put in place to manage and oversee financial reporting.
What is the purpose of description of controls?
The purpose of description of controls is to provide transparency and assurance to investors and stakeholders that the organization has strong internal controls in place.
What information must be reported on description of controls?
Information such as control activities, control environment, risk assessment, information and communication, and monitoring activities must be reported on description of controls.
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