Self Assessment of Internal Control Questionnaire (Excel / PDF)
**Documents are supplied in PDF format and require the free Acrobat Reader for viewing or printing. If you need an alternate format, please contact us via email or phone (207-626-8420).
| Objectives | Risks |
|---|---|
| All collections are properly identified, control totals developed,and collections promptly deposited intact. | Failure to record cash receipts; withholding or delaying the recording of cash receipts; diverting cash receipts after recording non-compliance with the Cash Management Act. |
| All bank accounts and cash on hand are subject to effective custodial accountability procedures and physical safeguards. | Misappropriated cash or petty cash funds; diverted cash receipts unauthorized cash disbursements; loss of funds. |
| All transactions are promptly and accurately recorded in adequate detail records and appropriate reports are issued. | Covering unauthorized transactions by substituting unsupported creditsor fictitious expenditures to cover misappropriated collections;underfooting or overfooting cash or receivables. |
| All transactions are properly accumulated, correctly classified and summarized in the general ledger balances and properly and timely reconciled with bank statement balances. | Misstating cash balances; covering unauthorized transactions by falsifying bank reconciliation. |