Internal Controls

Internal control is the process designed to provide reasonable assurance that the operations of the charter school are effective and efficient; the financial information produced is reliable; and the charter school is operating in compliance with all applicable laws and regulations. The internal control structure includes the policies and procedures used by the staff, the accounting, attendance and other information systems, the work environment, the attitudes and abilities of those who work in the charter school.

What are the best ways to implement?

•Management establishes strong internal control consciousness.
•Adequate policies and procedures are in place.
•Financial information is accurate and accounting and attendance systems reliable.
•All laws and regulations are followed.
•Organizational structure is effective and efficient.
•Duties are properly segregated and proper work environment is maintained.