Internal Control Templates

Accounting & Management Internal Control HR Sales Projects

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Internal Control Policy and

Procedure Templates

Overview

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.

Internal Control Assessment Tools

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.

Internal Control over Financial

Reporting - ICFR

The Copedia Internal Control over Financial Reporting

templates focus on the accuracy and reliability of
financial reporting and compliance with GAAP.

Internal Control for Nonprofits

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

Internal Control Policy and

Procedures Manual Template
Contains a 100+ Page Internal Control Manual

Internal Control Policy Template

All Templates download in MS Word and Excel for easy

customization.

Internal Control Policy Template in MS Word

Includes an 8 Page Internal Control Policy

Example Internal Controls

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:

Templates Download in Word and

Excel
 All Internal Control Templates download in MS Word
and Excel for easy customization.

Internal Control Template

Following is sample internal checklist template

Internal Control of Assets

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

 
Internal Control Evaluation Tools

Summarize your Internal Control Assessments with the

assessment spreadsheet..

Financial and Accounting Controls

Internal Control - Accounts Payable

A control template covering purchasing, receiving, and

accounts payable controls.

Internal Control - Accounts Receivable

A control template covering all AR activities including

collections and write-offs.

Internal Control for Nonprofits

Our internal control templates for nonprofit

organizations.

Financial and Accounting Control Evaluation

Tools

Excel Spreadsheet Tools

Internal Control - Cash

Covers your internal control over cash handling, cash

disbursements, and cash receipts.
Internal Control - Payroll and HR

Covers internal controls relating to human resources.

Internal Control - Job Costing

Includes project planning, Purchases, Contract Changes

and Modification, Project Costing and Reporting, and
Billings. A must have for project related businesses.

Risk Management Templates

included

Compliance Copedia Internal Control

Templates
Compliance with laws, regulations,
standards audits, and Our internal control templates help
organizational policies is a primary you in the efficient operation of your
internal control objective. business by providing
professionally developed
The Copedia internal control checklists, procedures,
system provides entities a assessments, and evaluation tools
framework to properly document based on generally accepted
internal tasks, procedures, and compliance standards.
assign responsibilities for
compliance with laws, regulations, Small Business and
and other performance standards.
Compliance Editions

The Copedia Internal Controls are

available in Small Business and
Employee Compliance Editions.
Compass

New Normal
Policies, Workflow
and Compliance
 Demonstrating
compliance with new
Internal Control Standards normal conditions,
policies, procedures,
Our financial internal control laws, regulations and
system is based on GAAP. The other performance
Copedia Small Business Edition standards is now a
works with QuickBooks and fundamental internal
includes an easy to use internal control objective.
control system for small businesses Employee Compass is
and nonprofits. our easy to use
compliance solution.
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.

Internal Control Checklists The COSO Framework

The COSO methodology requires

assessments based the 5
Components of the Internal Control
- Integrated Framework:

Control Environment
Risk Management
Control Activities
Information and
Communication
Monitoring

The 2013 COSO update added 17

principles to the five components.
The Copedia advanced internal
 control tools are based on the 2013
framework.

Internal Control over Internal Control Review

Financial Reporting - ICFR Procedure

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.

Sarbanes-Oxley

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 -
 SOX 404 Lite
Internal Control of Assets
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.

Copedia Sarbanes Oxley

Compliance Tools

SOX 404 Lite is our template set for

small public companies needing
SEC compliance with section
404(a) of the Sarbanes-Oxley Act
Included with the AMLIB and of 2002.
NPO Editions
Sarbanes-Oxley Act
The internal control templates are Compliance
included with the Accounting and
Management Template Library and
All entities that plan to comply need
the nonprofit internal control
an internal control system.
templates are included with the SOX404Lite includes our Sarbanes
Nonprofit Edition. Oxley Act compliance analysis tools
and checklists.

procedure template for managing

risk on unique projects.
 Template Sets Management and
Accounting & Management Administrative
Internal Control
HR Manual
Controls
Safety Program
Project Management Internal Control for
Sales Manual Nonprofits
SOX404Lite
Risk Management Our internal control templates for
Benchmarking nonprofit organizations.
Forms
Flowcharts
Nonprofit Edition Internal Control Evaluation
Tools

Excel Spreadsheet Tools

Internal Control - Sales and

Estimating

Covers control measures for

summary and detail information,
sales analysis, and forecasting.

Internal Control - Project

Management

Includes project planning,

Purchases, Contract Changes and
Modification, Project Costing and
Reporting, and Billings. A must
have for project related businesses.

Your Best Source for Policies, Procedures, Internal Controls, Forms, Manuals, Handbooks
and Apps

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