| Item |
Weighted Mean |
Verbal Interpretation |
| The organization has a process in place to ensure that control as described in its policy and procedures manuals are applied as they are meant to be applied. |
3.42 |
A |
| The policy and procedures manuals document all important policies and procedures. These policies and procedures are reviewed and updated on a regular basis |
3.28 |
N |
| Supervisory personnel review the functioning of control. Appropriate and timely follow-up action are taken on exceptions |
3.40 |
A |
| Management control activities consider all the relevant business processes, information technology and locations where control activities are needed, including outsourced service providers and other partners |
3.36 |
N |
| Control employed by the organization include authorizations approvals, comparisons, physical counts, reconciliations and supervisory control |
3.55 |
A |
| The organization periodically (e.g., quarterly, semiannually) reviews system privileges and access control to the different applications and databases within the IT infrastructure to determine whether system privileges and access control are appropriate |
3.38 |
N |
| Management selects and develops control activities that are designed and implemented to restrict technology access rights to authorized users commensurate with their job responsibilities and to protect the entity’s assets from external threats |
3.40 |
A |
| The organization has policies and procedures addressing proper segregation of duties between the authorization, custody, and recordkeeping for the following tasks, if applicable: Cash/Receivables, Equipment, Payables/Disbursements, Procurement/Contracting, and Payroll/Human Resources. |
3.41 |
A |
| Management performs periodic review of policies and procedures to determine their continued relevance, and refreshes them when necessary |
3.37 |
N |
| The organization maintains policies and procedures to facilitate the recording and accounting of transactions in compliance with laws and regulations. |
3.39 |
N |
| Average Weighted Mean |
3.40 |
A |
