{"product_id":"internal-controls-policies-and-procedures-isbn-9780470287170","title":"Internal Controls Policies and Procedures","description":"\u003cp\u003eDrawing on her many years as a consultant to numerous companies big and small, author Rose Hightower infuses \u003ci\u003eInternal Controls Policies and Procedures\u003c\/i\u003e with her wealth of experience and knowledge. Instead of reinventing the wheel, your company can use this useful how-to manual to quickly and effectively put a successful program of internal controls in place. Complete with flowcharts and checklists, this essential desktop reference is a best practices model for establishing and enhancing your organization's control framework.\u003cbr\u003e\u003cbr\u003eThese manuals are favorites for organizations and companies that need a foundation and grounding to ensure an internal control posture of integrity, credibility, method, process and process: or a reminder of its importance. \u003c\/p\u003e \u003cp\u003eURLs were included when first published to encourage the dissemination and distribution of relevant chapters to those interested and in charge of the specific departments.  \u003c\/p\u003e \u003cp\u003eAlthough times have changed, the principles professed are sound and solid for today’s accounting and business environment.  Implementing these cornerstones will produce a principled manageable approach. \u003c\/p\u003e \u003cp\u003eThese manuals can be used by accounting individuals, finance departments, sole proprietor businesses, large corporations, accounting \/ auditing students and any others interested in specific topics or general disciplines.\u003c\/p\u003e \u003cp\u003eThe discipline for the oversight processes and procedures are important when introducing or implementing auditing practices whether in accounting or throughout the organization. \u003c\/p\u003e These manuals should be used together to provide the basics when setting up a department or specific process discipline, for learning about the strengths, weaknesses and opportunities within the specific focus areas. \u003cp\u003e \u003c\/p\u003e \u003cp\u003eHow to Use this Manual xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGovernance Journey 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA01 Big G to little g governance journey 3\u003c\/p\u003e \u003cp\u003eAppendix: Background for COSO, SOX, PCAOB 7\u003c\/p\u003e \u003cp\u003eA02 Risk Assessment 10\u003c\/p\u003e \u003cp\u003eA03 Oversight 16\u003c\/p\u003e \u003cp\u003eA04 Documentation 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eInternal Control Program 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eB01 Internal Control Program 27\u003c\/p\u003e \u003cp\u003eB02 Internal Control Process 37\u003c\/p\u003e \u003cp\u003eB02a Internal Control Policy and Procedure 52\u003c\/p\u003e \u003cp\u003eB02b Internal Control Program Charter 55\u003c\/p\u003e \u003cp\u003eB02c Internal Control Plan 57\u003c\/p\u003e \u003cp\u003eB03 Authorization and Approval Program 69\u003c\/p\u003e \u003cp\u003eB03a Delegation of Authority 73\u003c\/p\u003e \u003cp\u003eB03b Authorization – Delegation, SubDelegation of Authority 79\u003c\/p\u003e \u003cp\u003eB03c Responsibility, Authority, Support, Counsel, and Inform (RASCI) 83\u003c\/p\u003e \u003cp\u003eB04 Information Technology Program 87\u003c\/p\u003e \u003cp\u003eB04a End–User Computing—Control of Spreadsheets Policy and Procedure 95\u003c\/p\u003e \u003cp\u003eB05 Account Reconciliation Program 97\u003c\/p\u003e \u003cp\u003eB05a Account Reconciliation 101\u003c\/p\u003e \u003cp\u003eB06 Quarterly Subcertification Program 105\u003c\/p\u003e \u003cp\u003eB06a Quarterly Subcertification 120\u003c\/p\u003e \u003cp\u003eB06b Quarterly Subcertification – Matrix 122\u003c\/p\u003e \u003cp\u003eB06c Quarterly Financial Subcertification Training For First-Time Subcertifiers 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eControl Activity Program Testing Guides 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eC01 Control Activity Program 135\u003c\/p\u003e \u003cp\u003eC01a Control Activities Template 147\u003c\/p\u003e \u003cp\u003eC01b Result of Control Activity Testing 148\u003c\/p\u003e \u003cp\u003eC01c Internal Control – Planning, Testing, and Remediation Worksheet 149\u003c\/p\u003e \u003cp\u003eC01d Reporting Scorecard 151\u003c\/p\u003e \u003cp\u003eC02 AP – Disbursements 153\u003c\/p\u003e \u003cp\u003eC02a AR – Allowance for Doubtful Accounts 158\u003c\/p\u003e \u003cp\u003eC02b AR – Cash Applications 162\u003c\/p\u003e \u003cp\u003eC02c AR – Collections 166\u003c\/p\u003e \u003cp\u003eC02d AR – Credit Administration 169\u003c\/p\u003e \u003cp\u003eC02e Cash and Marketable Securities 172\u003c\/p\u003e \u003cp\u003eC02f Financial Planning and Analysis 176\u003c\/p\u003e \u003cp\u003eC02g Fixed Assets, Long Lived Assets 179\u003c\/p\u003e \u003cp\u003eC02h Intercompany Transactions – Cross Charges 183\u003c\/p\u003e \u003cp\u003eC02i Raw Materials and Inventory 187\u003c\/p\u003e \u003cp\u003eC02j Journal Entries 194\u003c\/p\u003e \u003cp\u003eC02k Payroll 197\u003c\/p\u003e \u003cp\u003eC02l Procurement 201\u003c\/p\u003e \u003cp\u003eC02m Revenue Recognition 205\u003c\/p\u003e \u003cp\u003eC02n Retail Sales Orders to Business Partners 209\u003c\/p\u003e \u003cp\u003eC02o Income Tax 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternal Control Planning, Testing and Remediation Worksheets 217\u003c\/p\u003e \u003cp\u003eAcronyms 263\u003c\/p\u003e \u003cp\u003eReferences 265\u003c\/p\u003e \u003cp\u003eIndex 267\u003c\/p\u003e   \t\u003cp\u003e\u003cb\u003eROSE HIGHTOWER, ACCOUNTANT, MS\u003csmall\u003eC\u003c\/small\u003e,\u003c\/b\u003e has been the owner of IDEAL Consulting Solutions International, LLC, for ten years, consulting in implementing internal controls and policy and procedure programs for large companies. Bringing over twenty years of experience from IBM and serving as finance manager, her program contains practical lessons and simple solutions for any size company. She is known as \"The Policy Guru\" and offers advice and counsel to clients from her Web site, idealpolicy.com.    \u003c\/p\u003e\u003cp\u003e— Steps for establishing and enhancing a company's internal control program \u003cbr\u003e— The governance journey: internal controls are not just about SOX \u003cbr\u003e— Building on Accounting and Finance Policies and Procedures to include Sarbanes-Oxley controls and introduce testing and audit readiness assessments \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for\u003c\/b\u003e Internal Controls Policies and Procedures \u003c\/p\u003e\u003cp\u003e\"With many years as a consultant to numerous companies big and small, Rose brings a wealth of experience and knowledge to bear on the topic of internal controls in Internal Controls Policies and Procedures. Instead of 'reinventing the wheel,' companies can use this useful how-to manual to quickly put an effective program of internal controls in place. It will prove to be an invaluable guide to internal auditors at companies of all sizes.\"  \t\u003cbr\u003e\u003cb\u003e—MARK GREENQUIST,\u003c\/b\u003e President and CEO, Telcordia Technologies, Inc.  \u003c\/p\u003e\u003cp\u003e\"I have implemented, used, corrected, reviewed, and enhanced internal controls systems for most of my career. Getting started and following a path, founded in the COSO framework, is oftentimes the most difficult step in the process. What do you have to do? Why do you have to do it? How do you do it, and most important, how do you document what you have done? The author has answered these questions in an easy-to-read format and provided many useful tools and checklists to facilitate the completion of the internal controls process review. An extremely useful tool.\" \t\u003cbr\u003e\u003cb\u003e—WILLIAM H. HOGAN,\u003c\/b\u003e Executive Vice President and Chief Financial \t Officer, Multi Packaging Solutions, Inc.  \u003c\/p\u003e\u003cp\u003e\"The methodology presented within this publication is complete with flowcharts and checklists, which serve as a desktop reference for all organizations. Internal controls are dynamic and must be periodically reviewed and updated. Internal auditors play an important role in the process, but internal controls are the responsibility of all employees within an organization. I highly recommend this book both to auditors and management as a best practices model for establishing and enhancing their organization's control framework.\" \t\u003cbr\u003e\u003cb\u003e—JIM KAPLAN,\u003c\/b\u003e President and CEO, AuditNet.org,  the global resource for auditors, and the recipient of the IIA's  2007 prestigious Bradford Cadmus Memorial Award\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989445722341,"sku":"NP9780470287170","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470287170.jpg?v=1761784128","url":"https:\/\/k12savings.com\/products\/internal-controls-policies-and-procedures-isbn-9780470287170","provider":"K12savings","version":"1.0","type":"link"}