Accounting and Financial Reporting

Modernizing Internal Control Checklists in State and Local Governments

Download
Page from August 2022 GFR

Internal control checklists aren’t the most exciting topic to work on in a government. Frequently, they are left alone unless something goes wrong. If used correctly, however, a comprehensive, well-designed checklist can be the first line of defense to notify management that something is wrong. This article outlines the history of the State of Illinois internal control checklist and lessons learned for the future.


Download