Internal Review Site

What Internal Review Can Do for You?

Evaluate the Reliability and Integrity of Information

• Review the reliability and integrity of financial operating information and the means used to identify, measure, classify and report such information.
• Ascertain whether financial and operating records and reports contain accurate, reliable, timely, complete, and useful information.
• Ascertain whether controls over record keeping and reporting are adequate and effective.

Evaluate Compliance with Policies, Plans, Procedures, Laws, and Regulations

• Review the systems established to ensure compliance with policies, plans, procedures, laws and regulations that could have a significant impact on operations and reports, and determine whether the organization is in compliance.
• Determine whether the systems are adequate and effective and whether the activities audited are complying with the appropriate requirements.

Evaluate Asset Safeguards

• Verify the existence of assets.
• Test the controls in place that safeguard assets from various types of losses, such as those resulting from theft, fire, improper or illegal activities, and exposure to the elements.

Evaluate Economical and Efficient Use of Resources

IR can verify that activities:

• Established operating standards for measuring economy and efficiency.
• Met established operating standards.
• Identified, analyzed, and communicated deviations from operating standards to those responsible for corrective action.
• Implemented corrective actions.
• Analyzed policies and procedures to reduce underutilized facilities, nonproductive work, procedures that are not cost effective, overstaffing and understaffing, and unneeded or costly procurements.

Evaluate Directorate's Accomplishment of Established Objectives and Goals for Operations and Programs

• Review operations and programs to ascertain whether results are consistent with established objectives and goals and whether officials carried out the operations or programs as planned.
• Determine whether officials achieved the desired results or benefits and whether the entity has considered alternatives that might yield desired results at a lower cost.