Internal Controls - Controlling Risk in the Workplace: The Manager's Role

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Chapter 5: Effective Internal Controls

An effective system of internal controls requires commitment and coordination of effort by every employee, at every level.



Evelyn works in an accounting department. What are some of the internal controls her department may use to ensure that all the financial information is accurate and valid?

		A. Segregation of Duties - the employee that signs the checks and posts them in the accounting system is not allowed to reconcile the bank statement.
		B. Purchases - the employee who authorizes the purchase of office equipment is not allowed to choose where to purchase the equipment.
		C. Supervisor Review - an immediate supervisor reviews all financial information prepared by staff accountants.
		D. All of the above

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New York State Governor's Office of Employee Relations