Purpose: To ensure that controls are evaluated periodically and continue to be effective.
Procedure: The Business Administrator/Board Secretary will establish a process to evaluate internal controls over all areas of financial and operational procedures in the district.
These internal controls should be evaluated at least annually and every time one of the following conditions exists:
- Change in personnel performing a control function
- Change in accounting system
- Change in regulations
As the controls are evaluated, a determination should be made designating each control as either effective or ineffective. Ineffective controls should be changed to achieve the required level of effectiveness.
Revision:
5
Last modified:
19 November 2024