Internal control: standards for internal control in the federal government

Original publisher: Washington, D.C. (P.O. Box 37050, Washington, D.C. 20013) : The Office, [1999]. OCLC Number: (OCoLC)44259076 Subject: Administrative agencies -- United States -- Auditing. Excerpt: ... Internal Control Standards Top Level Reviews of Management should track major agency achievements Actual Performance and compare these to the plans, goals, and objectives established under the Government Performance and Results Act. Reviews by Management Managers also need to compare actual performance at the Functional or to planned or expected results throughout the Activity Level organization and analyze significant differences. Management of Human Effective management of an organization's Capital workforce - its human capital - is essential to achieving results and an important part of internal control. Management should view human capital as an asset rather than a cost. Only when the right personnel for the job are on board and are provided the right training, tools, structure, incentives, and responsibilities is operational success possible. Management should ensure that skill needs are continually assessed and that the organization is able to obtain a workforce that has the required skills that match those necessary to achieve organizational goals. Training should be aimed at developing and retaining employee skill levels to meet changing organizational needs. Qualified and continuous supervision should be provided to ensure that internal control objectives are achieved. Performance evaluation and feedback, supplemented by an effective reward system, should be designed to help employees understand the connection between their performance and the organization's success. As a part of its human capital planning, management should also consider how best to retain valuable employees, plan for their eventual succession, and ensure continuity of needed skills and abilities. Controls Over A variety of control activities are used in information Information Proc...