Internal Controls Self-Assessment Report

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Screenshot of the first page of Internal Controls Self-Assessment Report
Best Practices for Conducting and Documenting an Internal Controls Self-Assessment

This sample audit report can be used by auditors to assess and improve an organization’s internal controls.

Testing involved documenting updates based upon responses to the questions and results of the walk-through, expanding notations and capturing compensation controls where applicable, assessing the overall control objectives and the process area, developing an entity-level controls (ELC) questionnaire based on the Committee of Sponsoring Organizations (COSO) framework, completing the ELC questionnaire, reviewing the final internal controls questionnaires (ICQs), and developing and reviewing a draft of the self-assessment report.

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