Control Design Effectiveness Review Checklist

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Evaluating Control Design Effectiveness: Key Guidelines

Document reviewers' comments and responses and address financial reporting assertions with our Control Design Effectiveness Review Checklist.

According to this sample, assets are inventoried periodically to ensure that they are real and owned; physical inventories are reconciled against the balance sheet to ensure that they are properly recorded; duplicate, erroneous or same-named files are not accepted for processing; for applications that process automated JEs, only expected (registered) files are accepted for processing (and they are accepted only once); and outputs are reconciled to inputs in a given process (or application) to detect tampering or data manipulation. 

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