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Article: Evaluating internal controls: control self-assessment in government.(includes related article)
- Article from:
- Government Finance Review
- Article date:
- June 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A system of internal control is a tool for ensuring that an organization realizes its mission and objectives. While internal controls are often thought to be the domain of accountants and auditors, it is actually management that has primary responsibility for proper controls. A critical element of any comprehensive internal control system is regular monitoring of the effectiveness of internal controls to determine whether they are well designed and functioning properly. (1) One technique for monitoring internal controls is the concept of control self-assessment, or GSA.
The Institute of Internal Auditors defines control self-assessment as "a process through which ...