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Internal Control and Audit-Follow Handbook
The
Department’s Internal Control and Audit Follow-up (ICAF) Handbook is a tool that
defines the responsibilities of Department managers, internal control
coordinators, and audit liaison officers for internal control. The ICAF
Handbook provides guidance for appropriate and effective internal control and
the activities to follow-up on audit findings and recommendations, when needed.
This revised Handbook includes the new and expanded requirements of OMB Circular A-123.
Click here to download the entire handbook.
Otherwise, click on the individual sections listed below.
Executive Summary
Acronyms
Table of Contents
Key Internal Control Terms
Section 1. Internal Control Program
Chapter 1. Overview
Chapter 2. Annual Internal Control Assessments
Chapter 3. Conducting Internal Control Assessments
Chapter 4. Monitoring Quality Control Over Evaluations
Chapter 5. Developing and Implementing Corrective Actions
Chapter 6. Reporting
Chapter 7. Verifying and Certifying Corrective Actions
Addendum A. Schedule of Key Actions
Addendum B. Conducting Alternative Internal Control Reviews
Addendum C. Conducting Internal Control Reviews
Addendum D. References for Federal Regulations
Case Study No. 1. Internal Control Assessment
Case Study No. 2. Alternative Internal Control Review
Exhibit 1. Priority Rating Worksheet
Exhibit 2. Worksheet for Analysis of General Control Environment
Exhibit 3. Summary of Analysis of General Control Environment
Exhibit 4. Identifying Risks
Exhibit 5. Alternative Management Control Review (Worksheet for
Documentation of Risks, Control Objectives, Control Techniques, Testing, and Findings)
Exhibit 6. Management Integrity Measure Spider Chart
Exhibit 7. Survey Tracker Questionnaire - FY 2000 SMARTPAY (Charge Card) Program
Exhibit 8. Departmental Manual Chapter - 330 DM 1
Exhibit 9. Departmental Manual Chapter - 340 DM 1
Exhibit 10. Departmental Manual Chapter - 361 DM 1
Exhibit 11. OMB Circular A-123, Revised, "Management's Responsibility for Internal Controls"
Section 2. Financial Internal Controls
Chapter 1. Guidelines to Evaluate Internal Control Over Financial Reporting
Chapter 2. Plan and Scope the Evaluations
Chapter 3. Documenting Controls
Chapter 4. Evaluating Design and Operating Effectiveness
Chapter 5. Identifying and Correcting Deficiencies
Chapter 6. Reporting on Internal Control
Addendum A. Financial Reporting Items Not Covered by the Materiality Definition
Addendum B. Transaction Cycles that Should be Considered for Testing
Addendum C. Risk Factors for Financial Reporting
Addendum D. Entry Level Internal Control Assessments
Exhibit 1. Internal Control Matrix
Exhibit 2. Account Risk Analysis
Exhibit 3. Specific Control Evaluation Worksheet
Exhibit 4. Illustrative Template for a Designated Senior Official to the Agency Head
Exhibit 5A. Illustrative Template for a Statement of Assurance
Exhibit 5B. Illustrative Template for a Qualified Statement of Assurance
Exhibit 5C. Illustrative Template When Cannot Provide a Statement of Assurance
Section 3. Financial Systems/Information Technology
Chapter 1. Overview
Chapter 2. Roles and Responsibilities
Chapter 3. Executing Internal Control Reviews for Information Systems and
IT Programs
Addendum A. Process Flowchart (with Timelines)
Addendum B. Statutory and OMB Requirements Outline
Addendum C. Report Requirements
Addendum D-1. Statutory and OMB Requirements Traceability Matrix (RTM)
Addendum D-2. National Institute of Standards and Technology (NIST) Requirements Traceability Matrix
Section 4. Audit Follow-up Program
Chapter 1. Overview of the Audit Follow-up Program
Chapter 2. Accountability and Reporting
Addendum A. Internet References for OMB Circulars
Section 5. Office of Inspector General Audit Reports
Chapter 1. A Partnership: The Office of Inspector General and the Office of Financial Management
Chapter 2. Internal Audit Reports
Chapter 3. External Audit Reports
Chapter 4. Financial Statement Audits
Addendum A. Corrective Action Plan Format
Addendum B. Key Terms Related to Office of Inspector General Audit Reports
Section 6. Government Accountability Office Audit Reports
Chapter 1. Audit Reports Issued by the Government Accountability Office
Chapter 2. Roles and Responsibilities
Chapter 3. Government Accountability Office Audit Process
Processing of GAO audit reports
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