The management team is responsible for designing, adhering to and monitoring the significant operating and financial controls of an organization. This short self-assessment has been designed to obtain input from management team members in order to establish a common understanding of the level of control within an organization or department.
Sample questions include: Are the policies and procedures in your area documented? Are the policies and procedures in your area up to date? What are the key information systems utilized in your area? Does management routinely monitor controls in process of running the organization’s operations?