Internal control

1.  Internal auditors (oditara keessaa); dhaabtni oditara keessaa qabu tokko
herregni isaa qulqulluu fi seera herrega eegee akka galma’uu fi
dhaabatichi kayyoo isaa akka galmaan gahu ni taasisa
 Segregation of duties – duties must be separated. Different people
should handle recording of transactions and processing of transactions.
 • Physical inventory - access to property must be limited to authorized
personnel only.
 • Authorization & approval - all transactions should be authorized by an
appropriate person.
 • Arithmetical and accounting - includes checking the arithmetic
accuracy of the records, the maintenance and checking of totals,
preparation of reconciliation, maintenance of control accounts, and
preparation of trial balances.
 • Supervision - all actions by all level of staff should be supervised. The
responsibility for supervision should be clearly stated.
 • Management – managing day-to-day activity of the campony and
managment
 • Budget-comparison of budget plan with actual performance and
explaining the