Using the salient points below, you can establish an internal control checklist or statement of policy for your company’s Information Technology
General
• Procedures should be defined and documented to ensure the security and proper maintenance of notebooks, computers and computer-related equipment.
• Usage of pirated software within the office premises should not be permitted at all times.
Logical […]

Some of us as financial executive might be entrusted with the role of overseeing the IT department. It is therefore important to understand some pertinent points on internal control or internal checks so as to prevent or reveal computerized fraud.

Besides, reading the below article, it is advisable to read my earlier article on Checklist/SOP on […]

Nowadays, accounting frauds seem to be a trend. So, it is essential that we understand what we mean by instituting good internal controls.
 
Definition of Internal Control: Internal control is defined as a process, effected by the board of directors,senior management and other managers which is designed to provide reasonable assurance regarding the achievement of following […]

Do you want to set up an audit checklist to ensure that there are proper internal controls for your  company’s Bank and Cash?
Append below are some suggested salient internal controls points for Bank and Cash:
General

Polices and procedures for cash handling and banking controls should be clearly documented and communicated.

The amount of cash kept at the […]

The Regulatory body, Bursa Malaysia has many practice notes for public listed companies to strictly comply with.
However, one particular Practice Note No 9/2001 which must not be neglected is pertaining to Corporate Governance and Internal Controls.
 
Append below the full text for easy reference:
1.0 Introduction
1.1 Paragraph 15.26 of the Listing Requirements provides that a listed issuer […]