This sample helps a company determine whether its established controls for financial reporting and the general ledger are designed and operating properly to meet control objectives.

The major sections include background information, segregation of duties, internal control identification, internal control assessment and walkthrough comments. The financial reporting and general ledger processes primarily cover the accounting activities performed to periodically close the general ledger and create financial statements. These processes should cover all ledger-related activities, reconciliations, compiling, reviews and reporting activities.