Page 14 - HCSD SOPandIC Manual

Evaluating Internal Controls

TITLE: Internal Control

Subtitle: Evaluation of Internal Controls

Purpose: To ensure that controls are evaluated on a periodic basis to ensure the controls continue to
be effective.

References: DA – Fiscal Management Goals and Objectives
DIAB – Internal Control of Cash Receipts
37-37-1 – Uniform system of accounts for school districts
MPSAS – Public School Accountability Standards

Procedure:

The business administrator will establish a process to evaluate internal controls over all areas of financial
and operational procedures in the district.

These internal controls should be evaluated periodically and every time one of the following conditions
exists:

1. Change in personnel performing a control function
2. Change in accounting system
3. Change in regulations

As the controls are evaluated, a determination should be made that designates the control as adequate and
adjustments made as necessary.

Written documentation of the review of the controls in place will be kept and will be available for audit
review.

See Form INTERNAL CONTROL QUESTIONNAIRE - EMPLOYEE DUTIES

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