The internal control procedures templates include an 8 page internal control policy, internal control review procedures, Audit Committee responsibility descriptions, and our spreadsheets with over 1,000 internal controls covering both entity level controls and accounting controls. Use the Copedia Internal Controls to develop an internal control system complete with checklists, questionnaires and evaluation tools covering Assets, A/P, A/R, Cash, Checks, Financial Reporting, Job Costing, Marketing/Customers, Data Integrity, Payroll and HR, Project Management, Purchasing, Receiving and Warehousing, Safety, Sales and Estimating, Retail, the Control Environment, Control Activities, Risk Assessment, Information and Communications, and Control Monitoring.
The internal control manual templates are included in the Accounting and Management Template Library or licensed separately.
The internal control templates are delivered in both text and spreadsheet formats, so you can easily develop and print internal control checklists and questionnaires. You can also use the spreadsheets to evaluate compliance with your internal control system for reporting to governing authorities.
The Copedia Internal Control over Financial Reporting templates focus on the accuracy and reliability of financial reporting and compliance with GAAP.
Our internal controls for nonprofit organizations include templates for grants covering allowable costs, program income, property and equipment acquisition, matching, procurement, reporting, contributions, donations, and funds availability. Also included in our nonprofit internal controls are detailed donation collection and cash handling procedures for events and churches
Contains a 100+ Page Internal Control Manual
All Templates download in MS Word and Excel for easy customization.
Includes an 8 Page Internal Control Policy
Following are examples from the Copedia internal controls module. First, a screen shot from the Internal Control Assessment Spreadsheet and second, an example checklist of Asset controls in text format:
All Internal Control Templates download in MS Word and Excel for easy customization.
Division of Duties
___ The person responsible for recording fixed assets does not make general ledger entries
___ The reconciliation of the Fixed Asset detail accounts with the fixed asset control accounts and making entries into the fixed asset software are separate
___ The custodian of the fixed assets and the taking of physical inventory are separate
___ The person responsible for tagging fixed assets is not the fixed asset custodian
___ The person responsible for locating missing fixed assets is not the fixed asset custodian
___ Capital asset purchases require authorization
___ Asset disposals require authorizationGeneral Asset Controls
___ There are written procedures for purchasing, receiving, recording assets, and inventory management
___ Asset records properly classify and identify the assets
___ Assets are tagged when received
___ Physical asset inventories are actually performed
___ Physical inventories of assets are performed when transition of employee asset custodians occurs
___ Missing assets are logged in a missing asset log
___ Documentation is prepared when assets are received, sold, moved, transferred, damaged, or disposed of
___ Asset reconciliations are actually performed
___ Asset additions are properly valued
___ Asset capitalization includes costs required to place the asset in service including (direct costs, preparation costs, fees, damages, interest, etc.)
___ Assets gains and losses are properly recorded
___ Assets are adequately insured
Summarize your Internal Control Assessments with the assessment spreadsheet..
A control template covering purchasing, receiving, and accounts payable controls.
A control template covering all AR activities including collections and write-offs.
Our internal control templates for nonprofit organizations.
Excel Spreadsheet Tools
Covers your internal control over cash handling, cash disbursements, and cash receipts.
Covers internal controls relating to human resources.
Includes project planning, Purchases, Contract Changes and Modification, Project Costing and Reporting, and Billings. A must have for project related businesses.