The internal control policies and procedures templates include an 8 page internal control policy, internal control review procedures, Audit Committee responsibility descriptions, and our spreadsheets with over 1,000 internal controls covering both entity level controls and accounting controls. Use the Copedia Internal Controls to develop an internal control system complete with checklists, questionnaires and evaluation tools covering Assets, A/P, A/R, Cash, Checks, Financial Reporting, Job Costing, Marketing/Customers, Data Integrity, Payroll and HR, Project Management, Purchasing, Receiving and Warehousing, Safety, Sales and Estimating, Retail, the Control Environment, Control Activities, Risk Assessment, Information and Communications, and Control Monitoring.
The internal control manual templates are included in the Accounting and Management Template Library or licensed separately.
The internal control templates are delivered in both text and spreadsheet formats, so you can easily develop and print internal control checklists and questionnaires. You can also use the spreadsheets to evaluate compliance with your internal control system for reporting to governing authorities.
The Copedia Internal Control over Financial Reporting templates focus on the accuracy and reliability of financial reporting and compliance with GAAP.
Our internal controls for nonprofit organizations include templates for grants covering allowable costs, program income, property and equipment acquisition, matching, procurement, reporting, contributions, donations, and funds availability. Also included in our nonprofit internal controls are detailed donation collection and cash handling procedures for events and churches
Contains a 100+ Page Internal Control Manual
All Templates download in MS Word and Excel for easy customization.
Includes an 8 Page Internal Control Policy
Following are examples from the Copedia internal controls module. First, a screen shot from the Internal Control Assessment Spreadsheet and second, an example checklist of Asset controls in text format:
All Internal Control Templates download in MS Word and Excel for easy customization.
Division of Duties
___ The person responsible for recording fixed assets does not make general ledger entries
___ The reconciliation of the Fixed Asset detail accounts with the fixed asset control accounts and making entries into the fixed asset software are separate
___ The custodian of the fixed assets and the taking of physical inventory are separate
___ The person responsible for tagging fixed assets is not the fixed asset custodian
___ The person responsible for locating missing fixed assets is not the fixed asset custodian
___ Capital asset purchases require authorization
___ Asset disposals require authorization
General Asset Controls
___ There are written procedures for purchasing, receiving, recording assets, and inventory management
___ Asset records properly classify and identify the assets
___ Assets are tagged when received
___ Physical asset inventories are actually performed
___ Physical inventories of assets are performed when transition of employee asset custodians occurs
___ Missing assets are logged in a missing asset log
___ Documentation is prepared when assets are received, sold, moved, transferred, damaged, or disposed of
___ Asset reconciliations are actually performed
___ Asset additions are properly valued
___ Asset capitalization includes costs required to place the asset in service including (direct costs, preparation costs, fees, damages, interest, etc.)
___ Assets gains and losses are properly recorded
___ Assets are adequately insured
Summarize your Internal Control Assessments with the assessment spreadsheet..
A control template covering purchasing, receiving, and accounts payable controls.
A control template covering all AR activities including collections and write-offs.
Our internal control templates for nonprofit organizations.
Excel Spreadsheet Tools
Covers your internal control over cash handling, cash disbursements, and cash receipts.
Covers internal controls relating to human resources.
Includes project planning, Purchases, Contract Changes and Modification, Project Costing and Reporting, and Billings. A must have for project related businesses.
Our internal control templates help you in the efficient operation of your business by providing professionally developed checklists, procedures, assessments, and evaluation tools based on generally accepted compliance standards.
The Copedia Internal Controls are available in Small Business and Compliance Editions.
Compliance with laws, regulations, standards audits, and organizational policies is a primary internal control objective.
The Copedia internal control system provides entities a framework to properly document internal tasks, procedures, and assign responsibilities for compliance with laws, regulations, and other performance standards.
Demonstrating compliance with new normal conditions, policies, procedures, laws, regulations and other performance standards is now a fundamental internal control objective. Employee Compass is our easy to use compliance solution.
Our financial internal control system is based on GAAP. The Copedia Small Business Edition works with QuickBooks and includes an easy to use internal control system for small businesses and nonprofits.
Entities needing an internal control system for compliance with the Sarbanes-Oxley Act of 2002, the Uniform Guidance (2 CFR Part 200), and other state and federal regulations should implement the advanced Copedia internal control system.
The advanced versions of the Copedia internal control templates are based on the Internal Control - Integrated Framework developed by the Committee of Sponsoring Organizations (COSO). In the US, the 2013 COSO framework is the preferred framework for internal control compliance.
The COSO methodology requires assessments based the 5 Components of the Internal Control - Integrated Framework:
The 2013 COSO update added 17 principles to the five components. The Copedia advanced internal control tools are based on the 2013 framework.
Each of the five internal control components and relevant principles must be present and operating effectively to conclude that ICFR is effective under the Internal Control - Integrated framework.
The internal controls are structured to help entities comply with SOX and other government audits. Use the Copedia Internal Control Assessment Tool and the Copedia Quarterly Internal Control Reports to demonstrate compliance. Our internal control templates are used by entities for both hard and soft compliance. If your organization needs Sarbox compliance, you will need our SOX404Lite template set in addition to our internal control manual. Learn more about our Sox Compliance Tools -
Copedia SOX 404 Lite is our template set for entities wanting or needing to comply with Sarbanes-Oxley internal control requirements. This includes nonprofits going the extra mile and small public companies needing SEC compliance with section 404(a) of the Sarbanes-Oxley Act of 2002. Licensed separately.
SOX 404 Lite is our template set for small public companies needing SEC compliance with section 404(a) of the Sarbanes-Oxley Act of 2002.
All entities that plan to comply need an internal control system. SOX404Lite includes our Sarbanes Oxley Act compliance analysis tools and checklists.
The internal control templates are included with the Accounting and Management Template Library and the nonprofit internal control templates are included with the Nonprofit Edition.
procedure template for managing risk on unique projects.
Our internal control templates for nonprofit organizations.
Excel Spreadsheet Tools
Covers control measures for summary and detail information, sales analysis, and forecasting.
Includes project planning, Purchases, Contract Changes and Modification, Project Costing and Reporting, and Billings. A must have for project related businesses.
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