Internal Financial Controls: Implementation and Testing

Chapter 1: A De-brief
Chapter 2: IFC Framework - Regulatory Aspects
Chapter 3: IFC Framework Implementations Project - Roll-out Approach
Chapter 4: Life-cycle of an IFC Framework Implementations Project
Chapter 5: IFC Framework Implementation and Testing

Section A
Governance Policies
Risk Management Policy
Code of Conduct and Ethics
Internal Audit Charter
Audit Committee (AC) Charter
High Level Chart of Authority

Section B
Standard Operating Procedures (SOPs)
Period End/Month-End Closing Procedures
Record to Report
Treasury and Corporate Finance (TCF)
Financial Planning and Analysis (FPA)
Capital Expenditure
Secretarial Audit
Purchase
Case Purchase
Procedure for Perpetual Inventory in Stores
Debtors/Creditors Management and Reconciliation
Segregating of Duties (SoD)
Master Database Updation (MDU)
Process Review/Change Management Protocol

Section C
Control Checklists
Record to Report
Treasury and Corporate Finance
Financial Planning and Analysis
Capital Expenditure
Inventory Management
Procurement to Pay
Order to Cash
Human Resource (HR)

Section D
Internal Financial Controls Documentation - RCM
Entity Level Checklist
Sample - RTR Record to Report RCM
Treasury and Corporate Finance
Financial Planning and Analysis
Capital Expenditure
Inventory Management
Procurement to Pay
Order to Cash
Human Resources

Section E
Testing Outcome Sheet
Financial Planning and Analysis
Record to Report
Treasury and Corporate Finance

Section F
Executive Summary: IFC Implementation and Testing
Key aspects of Internal Financial Controls