In 2013, COSO released their update to the COSO 1992 framework. This framework is used widely by public companies for SEC compliance. After working on updating their compliance efforts, many users are having discussions with their financial auditors about the use of the new standard.
This presentation looks at the needs of the auditor in understanding internal control and its documentation.
Many leaders in today’s business environment have recognized the need for internal audit to play a larger role – one that expands on its historic focus on value preservation to encompass activities related to value creation. Leading integrated internal audit functions will need to stay ahead of the risk curve rather than simply follow the business, whilst preserving the core compliance and assurance activities senior management and the audit committee require. Audit functions that focus their efforts on significant risks are able to concentrate their audit resources on issues that drive the business. This 3-day course has been designed to help internal auditors understand what is needed to make the audit function totally risk based
Best Approach to Integrate ISO 9001 and ISO 27001 SimultaneouslyPECB
The webinar will cover common requirements and differences between ISO 9001 and ISO 27001 and the best practices in establishing integrated management system based on those two standards.
Main points covered:
• Common requirements of ISO 9001 and ISO 27001
• Steps in creating integrated management system
• Main challenges in integration
Presenter:
This webinar was presented by Strahinja Stojanovic; he is the author of the 9001Academy, 14001Academy and 18001Academy toolkit. He has extensive working experience both as an external auditor and as a consultant. In his consulting career, he works with clients from the manufacturing and service providing organization. He has an MSc in Mechanical Engineering, and is the holder of the following certificates: ISO 9001 Lead Auditor, ISO 14001 Lead Auditor, OHSAS 18001 Lead Auditor.
Link of the recorded session published on YouTube: https://youtu.be/MP_J6_QlrbM
In 2013, COSO released their update to the COSO 1992 framework. This framework is used widely by public companies for SEC compliance. After working on updating their compliance efforts, many users are having discussions with their financial auditors about the use of the new standard.
This presentation looks at the needs of the auditor in understanding internal control and its documentation.
Many leaders in today’s business environment have recognized the need for internal audit to play a larger role – one that expands on its historic focus on value preservation to encompass activities related to value creation. Leading integrated internal audit functions will need to stay ahead of the risk curve rather than simply follow the business, whilst preserving the core compliance and assurance activities senior management and the audit committee require. Audit functions that focus their efforts on significant risks are able to concentrate their audit resources on issues that drive the business. This 3-day course has been designed to help internal auditors understand what is needed to make the audit function totally risk based
Best Approach to Integrate ISO 9001 and ISO 27001 SimultaneouslyPECB
The webinar will cover common requirements and differences between ISO 9001 and ISO 27001 and the best practices in establishing integrated management system based on those two standards.
Main points covered:
• Common requirements of ISO 9001 and ISO 27001
• Steps in creating integrated management system
• Main challenges in integration
Presenter:
This webinar was presented by Strahinja Stojanovic; he is the author of the 9001Academy, 14001Academy and 18001Academy toolkit. He has extensive working experience both as an external auditor and as a consultant. In his consulting career, he works with clients from the manufacturing and service providing organization. He has an MSc in Mechanical Engineering, and is the holder of the following certificates: ISO 9001 Lead Auditor, ISO 14001 Lead Auditor, OHSAS 18001 Lead Auditor.
Link of the recorded session published on YouTube: https://youtu.be/MP_J6_QlrbM
Are You Ready? Implementing COSO's Updated Internal Controls FrameworkBlackLine
In this webinar, Bob Hirth, COSO Chair, will provide a brief overview of the new COSO Framework, followed by an interactive discussion around the December 15 deadline set by COSO and what this means for companies that have – and have not yet – implemented the updated framework.
In addition, participants will hear what is required under the new COSO Framework, and how those requirements relate to SEC rules for determining if the system of internal controls over financial reporting is “effective,” specifically for purposes of Sarbanes-Oxley reporting.
In this session we will discuss:
- Best practices and lessons learned working with clients as they transition to the new COSO Framework along with industry adoption rates
- How adoption of COSO 2013 provides an opportunity for companies to review and potentially improve internal controls
- How financial management software can streamline the mapping, documenting, and testing activities relating to COSO 2013
Business continuity management per ISO 22301 - a certification training cour...Mart Rovers
ISO 22301 is the international standard for business continuity management. The ISO 22301 Fundamentals certification training course provides a solid understanding about how to establish, maintain and improve a business continuity management system to continue to operate your business following a disruption.
A corporation must have social acceptance to survive and grow.
The society’s expectations change through:
1.- Changing population mix.
2.- Changing values and orientations.
Business performance changes through
1.-Economic, competitive, and structural conditions.
2.- Regulatory constraints.
3.- Futuristic, Long Term orientation.
4.- Leadership style
Basics in IT Audit and Application Control Testing Dinesh O Bareja
IT Audit and Application Control Testing are large and complex activities in themselves, and it is my presentation to share the basics here, based on my own experience and using guidance from IIA GTAGs.
Internal Audit is a tool of control to measure and evaluate the effectiveness of the working of an organization primarily with accounting, financial and operational matters.
Internal Audit plays a constructive role by rendering service to the management with objective appraisal of systems, procedures, practices, compliance with policies.
LetzConsult presents a smarter ways for companies to find the most relevant Consultant for their business needs. Find the right consultants for your Company on LetzConsult.com
The SOC 2 examination's popularity has dramatically increased since its inception. This is due to growing concerns regarding information security have heightened scrutiny of organization’s control infrastructure and driven the demand for attestation reports.
Join BrightLine Principal, Debbie Zaller and Senior Manager, Doug Kanney during this free webinar - and learn how a SOC 2 examination can help your organization. Become familiar with the SOC 2's report objectives, learn about its structure and areas to focus, and benefit from some valuable lessons we've learned from extensive experience.
This session will provide you with a:
• Overview of the SOC 2 background
• Definition of the AICPA Framework
• Overview of the purpose and scope
• Discussion of the common challenges and benefits
• Requirements of the examination process
• Discussion of the alignment with other standards
Understanding this course help you have an idea on how the audit assessment is performed and where the focus lies. General controls take a large percentage of the entire Audit function and should be paid adequate attention during the session.
Are You Ready? Implementing COSO's Updated Internal Controls FrameworkBlackLine
In this webinar, Bob Hirth, COSO Chair, will provide a brief overview of the new COSO Framework, followed by an interactive discussion around the December 15 deadline set by COSO and what this means for companies that have – and have not yet – implemented the updated framework.
In addition, participants will hear what is required under the new COSO Framework, and how those requirements relate to SEC rules for determining if the system of internal controls over financial reporting is “effective,” specifically for purposes of Sarbanes-Oxley reporting.
In this session we will discuss:
- Best practices and lessons learned working with clients as they transition to the new COSO Framework along with industry adoption rates
- How adoption of COSO 2013 provides an opportunity for companies to review and potentially improve internal controls
- How financial management software can streamline the mapping, documenting, and testing activities relating to COSO 2013
Business continuity management per ISO 22301 - a certification training cour...Mart Rovers
ISO 22301 is the international standard for business continuity management. The ISO 22301 Fundamentals certification training course provides a solid understanding about how to establish, maintain and improve a business continuity management system to continue to operate your business following a disruption.
A corporation must have social acceptance to survive and grow.
The society’s expectations change through:
1.- Changing population mix.
2.- Changing values and orientations.
Business performance changes through
1.-Economic, competitive, and structural conditions.
2.- Regulatory constraints.
3.- Futuristic, Long Term orientation.
4.- Leadership style
Basics in IT Audit and Application Control Testing Dinesh O Bareja
IT Audit and Application Control Testing are large and complex activities in themselves, and it is my presentation to share the basics here, based on my own experience and using guidance from IIA GTAGs.
Internal Audit is a tool of control to measure and evaluate the effectiveness of the working of an organization primarily with accounting, financial and operational matters.
Internal Audit plays a constructive role by rendering service to the management with objective appraisal of systems, procedures, practices, compliance with policies.
LetzConsult presents a smarter ways for companies to find the most relevant Consultant for their business needs. Find the right consultants for your Company on LetzConsult.com
The SOC 2 examination's popularity has dramatically increased since its inception. This is due to growing concerns regarding information security have heightened scrutiny of organization’s control infrastructure and driven the demand for attestation reports.
Join BrightLine Principal, Debbie Zaller and Senior Manager, Doug Kanney during this free webinar - and learn how a SOC 2 examination can help your organization. Become familiar with the SOC 2's report objectives, learn about its structure and areas to focus, and benefit from some valuable lessons we've learned from extensive experience.
This session will provide you with a:
• Overview of the SOC 2 background
• Definition of the AICPA Framework
• Overview of the purpose and scope
• Discussion of the common challenges and benefits
• Requirements of the examination process
• Discussion of the alignment with other standards
Understanding this course help you have an idea on how the audit assessment is performed and where the focus lies. General controls take a large percentage of the entire Audit function and should be paid adequate attention during the session.
Are you an FP&A Business User that is looking to improve your Planning Process by implementing purpose built software? Get a glimpse inside the decision making process while preparing for a Hyperion Planning or PBCS implementation. Join Bryan Hogan as he addresses all your Planning questions.
What are the different Plan & Forecast types and what are the benefits of each?
What do all the different Planning Buzzwords / Terms really mean for my company (for example, Driver Based Planning, Rolling Forecast, Bottoms-up Forecast, etc.)?
What different planning methodologies can be used to develop a forecast?
How low should I go? What level of planning makes sense to provide an effective management tool to help guide the business and make proactive business decisions?
What pain points am I likely to face as a planner but also as a business owner involved in the planning process?
Are there benefits to using a flexible Excel model versus a centralized planning solution
Presenter: Bryan Hogan
Mary Schaeffer from AP Now identifies 25 ways crooks use to get their hands on your organization's hard earned money.
Mary's discussion will include:
There’s no such thing as too big or too small.
Every company is a potential target.The risk is both internal and external.
New types of fraud – some directly affecting accounts payable – are evolving almost daily.
View a full recording of the webinar to learn what’s going on and what you should do to protect your company against a group of increasingly sophisticated fraudsters.
Overview of misappropriation fraud, CPA responsibilities in relation to fraud, fraud investigative methods, common red flags, simple preventive controls for small business
Habits of successful people who always reach their goalsSelf-employed
Setting goals is followed by many but sticking to the plan even after failure makes big difference in being successful and wanna be successful. Here are the success factors simply must have if you want to reach your goals, which are followed by almost all successful people for self improvement.
Implementing Process Controls and Risk Management with Novell Compliance Mana...Novell
Managing processes, automatically testing controls within processes, and proactively managing risk through key performance/risk indicators are significant challenges to establishing GRC/IT-GRC practices and an effective compliance framework. This session will focus on the current and future capabilities of Novell Compliance Management Platform that can assist organizations with implementating process controls and risk management throughout the enterprise. We will provide specific examples with SAP GRC Access Control, Process Control and Risk Management.
Deze publicatie gaat in op de risico's met betrekking tot het inkoopproces bij bedrijven actief in de Consumer Goods & Retail markt. Ook wordt ingegaan op hoe bedrijven deze inkoopfraude risico's zouden kunnen reduceren met behulp van technologie en het uitvoeren van supplier audits.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Designing a Chart of Accounts for a Global Company Going to Oracle E-Business...eprentise
A useful chart of accounts provides flexibility for recording and reporting financial information, brings structure for managing uniformly, and enhances communication. Five fundamental criteria for chart of accounts design in Oracle E-Business Suite will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. eprentise founder and CEO Helene Abrams goes over the five fundamental design criteria and how to design your own chart of accounts.
Watch the webinar recording: https://vimeo.com/82202289
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Best Practices in Detecting Payable Fraud Using Data AnalyticsFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA)
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
• Have 5 Plus years of commendable success in Financial Planning & Control, Accounting Operations & Fund Management
• Demonstrated excellence in providing strategic direction through analysis and financial modeling and directly impacts bottom line performance by planning process and trend analysis of operating expenses and key metrics for designated corporate areas
• Proficient in conceptualizing and implementing financial procedures, including working capital management, internal financial controls and costing
• Demonstrated business acumen in managing finance operations and contributing higher rate of organic growth
• Strong exposure and understanding of business strategy planning and implementation; expertise in designing/ implementing systems & procedures to achieve cost control & financial discipline
• Proven ability to improve operations, impact business growth and maximize profits through achievement in finance management, internal controls and productivity improvements
• Track record of developing and implementing financial and operational controls that improve P&L scenario and competitively position the firm
• Possess excellent communication, analytical, decision making, time management and leadership skills with proven ability in planning & managing resources
• Proficient in developing & streamlining working procedures, formulating cost effective solutions for enhancing operations of the company
Finance Department COSO Implementation MemoTownofAddison
Finance Department Director and Addison CFO Eric Cannon presented this memo and update to City Council on February 10, 2015 concerning the implementation of COSO standards.
With the Obama Adminstration emphasizing accountability and performance associated with the economic stimulus package, here is a primer on the basics of government performance and results that can be applied to any level of government services and programs.
Director of Infrastructure and Development Services Lisa Pyles and Parks and Recreation Director Slade Strickland provided City Council with a quarterly update on Addison's Capital Improvement Program and other Town projects on February 10, 2015.
Overview of Addison Oktoberfest 2014 numbers, hotel packages, ShowClix packages, website analytics, hotel partners, specialty food vendors, food and beverage experiences, ceremonies, activities, showcases, promotions, marketing tools, and public relations services.
Created and presented by Addison's Director of Special Events Barbara Kovacevich at the Council Meeting on November 25, 2014.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
1. Control Environment Risk Assessment Control Activities Information and Communication Monitoring
Sets the tone of an organization and
serves as a foundation for all other
components
Identifies and analyzes risks to
achieving objectives. Determines how
risk should be managed.
Encompass policies and practices along
with process-level procedures that
ensure management's directives are
carried out.
Captures and exchanges relevant information to use
as a basis for decision making. Also, effectively
communicates roles and responsibilities for
maintaining internal controls.
The ongoing assessment of internal
control quality to assure controls are
operating as intended.
Governance Oversight Understanding Our Risk Know What We Are Doing Communicating to the Organization How Are We Doing
In Place: In Place: In Place: In Place: In Place:
Personnel policies & procedures Addison Way Common Control Activities Internal & external information Normal day-to-day procedures
Finance Committee Develop annual Town-wide goals Monthly, quarterly, annual reviews
Review of internal controls & explanation to all
departments
Independent external audit
Job Descriptions & Market Analysis Mission Statement Procurement Manual
Town-wide communication from City Manager about
internal controls
Data Analysis and Response to Findings
Management's proactive approach to
new & amended audit & accounting
standards
Council's Vision
Segregation of duties (banking, payroll,
staffing, AP)
Pre-audit meeting & external auditors
Planned Actions:
Organizational Chart Property / Liability Insurance Cash/asset management & procedures Financial Reporting Internal Audit Procedures (Q1-2016)
GFOA Award Participation
Fully staffed / professional finance
department
Transparency Award Requirements Participative Budgeting Business Process Review (Q1-2016)
Performance Evaluations Opengov Management / Council Retreats
Utilizes Technology Quarterly Employee Meetings
Planned Actions: Planned Actions: System Software Permissions
Conduct Annual Financial Best Practices
Workshops with Council and
Management (Q2-2016)
Cash Handling Training (Q2-2015) Travel policies & procedures
Planned Actions:
Municipal Court Financial Management
Handbook for Texas Cities (2017)
Evaluation of potential changes in risk
associated with ERP (Q2-2015)
Financial Policies Implementation of ERP (Q2-2015)
Annual Director/Manager Responsibility
Acknowledgement (Q2-2015)
Remote capture deposit (Q1-2015) -AP/AR/cash receipting/Utility Billing
Develop Fraud Policy (2016) -Investment Policy
Ethics Training (Q3-2015) -Debt Policy
GFOA Best Practices (Q3-2015) -Budget Policy
-Financial Reporting
-Revenue
-Operating Expenditure
-Fund Balance
-Fund Transfers
-Capital Projects
Procurement training
Authorization of Transactions (re: JE's, non
cash collections, AP)
Planned Actions:
RFP for investment services (Q4-2015)
Cash management policy (Q1-2015)
Capital asset reporting (2015)
Develop cash audit process (Q1-2015)
RFP for banking services (Q1-2015)
Purchasing/procurement enhancement
(Q4- 2014)
Payroll Processing (Q4-2014)
* Dates listed throughout represent the inception or
anticipated start of the project.
Town of Addison
COSO Framework Model
December 4, 2014 - Working Document
Committee of Sponsoring Organizations (COSO) Framework
Addison Strategy and Timeframe
