Using the salient points below, you are able to establish internal control checklist and or statement of policy of your company’s manufacturing operations:
General
• Policies and procedures for production planning, production process, modification process, quality control, equipment maintenance, scrap and security should be clearly documented and communicated.
Production/Modification Planning
• Standard documentation should be used to communicate sales orders and […]

Do you want to set up an audit checklist to ensure that there are proper internal controls for your company’s Inventory, logistic and distribution?
Append below are some suggested salient internal controls points for inventory, logisticand distribution:
 
General

Policy and Procedures should be defined and documented for Inventory Management.

Ordering

Purchasing decisions should be made after taking into consideration the […]

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

Policies and procedures for procurement and vendor selection should be clearly documented and communicated.

Raising of Purchase Orders, approval of payments and signing of […]

General

Procedures and policies for acquisitions, transfers and disposals of fixed assets should be established.  Fixed assets’ useful lives should be clearly defined and be consistent with the Group’s fixed assets policies. Operating units may have different policies subject to the Group Finance Director’s approval.

Fixed Assets Register

Each operating unit’s finance department must maintain a comprehensive and […]

General

Policies and procedures for credit and collections management should be clearly documented and communicated.

Credit Assessment
·         The credit worthiness of all new credit customers should be evaluated and documented for approvals in the credit assessment forms.
·         Credit limits of customers must be approved in accordance with the DOA.
·         The credit assessments should include at least two […]