Who is responsible for designating the assessable units?
The Army is segmented into reporting organizations (currently 44) who are in turn responsible for designating the assessable units within their organizations.
What is the purpose of Micp?
The Manager’s Internal Control Program (MICP) was established by Public Law 97-255, the Federal Mangers’ Financial Integrity Act of 1982 (FMFIA) and was enacted to ensure efficient and effective management of government resources to protect against fraud, waste, and abuse.
Is a subdivision of an organization that allows for adequate internal control analysis?
Assessable Units are subdivisions of an organization that allow for adequate internal control analysis. Risk management is a core process of the MICP.
How many prescribed categories of material weakness does the DoD have?
The DoD OIG identified 25 material weaknesses in FY 2019, including material weaknesses related to General Property, Plant & Equipment; Inventory and Related Property; Government Property in Possession of Contractors; and Financial Management Systems and Information Technology.
Is the foundation for all other standards?
A positive control environment is the foundation for all other standards It provides discipline and structure as well as the climate which influences the quality of internal control.
What are the Sao AOS responsibilities within the Don Micp governance structure?
They are responsible for remediating the deficiency and for reporting remediation status to the SMC and SAT. SAOs are assisted by action officers (AO) that implement the CAP(s) to remediate a weakness or deficiency. MICP coordinators are the working-level internal control representatives for their activity.
Who is ultimately responsible for the DoD internal control program?
1. DoD AND OSD COMPONENT MANAGERS’ INTERNAL CONTROL PROGRAM. Each DoD and OSD Component establishes a Managers’ Internal Control Program that provides an annual statement of assurance to the Secretary of Defense, which includes an explicit level of assurance about the effectiveness of ICs.
What are the Sao AO responsibilities within the Don Micp governance structure?
Who is responsible for reporting all internal control activities pertaining to an assessable unit?
(AU) Manager is responsible for managing all internal control activities for all AUs within their Division/Office. Assessable Unit (AU): Any organizational, functional, programmatic or other applicable subdivision of an organization that allows for adequate internal control analysis.
What two aspects of internal control must the auditor assess when performing procedures to obtain an understanding of internal control?
When obtaining an understanding of IC, the auditor must assess two aspects about those controls. First, the auditor must gather evidence about the design of internal controls. Second, the auditor must gather evidence about whether those controls have been implemented.
Who is responsible for providing leadership a positive command climate and support for the army internal control process?
o Adds responsibilities for the certification of internal control over financial systems (paras 1-13 and 1-20). o Requires an annual statement of assurance on internal control over nonfinancial operations, financial reporting, and financial systems (para 2- 2).
