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Internal
Audit
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Internal Control Questionnaire (ICQ)
An ICQ is a series of yes or no questions
about internal control structures. A yes answer indicates that
a needed control or policy is in place. A no answer indicates
a control may be needed and should be looked at.
We use an ICQ
in many audits. These questionnaires are designed specifically
for the area being audited. You may find the following ICQ's
useful for evaluating controls in your area. Keep in mind that
the questionnaires are not a complete list of controls that
are needed to minimize risk and some questions may not pertain
to your unit.
- Decentralization - The University has decentralized many of the financial and
administrative responsibilities to the units. The purpose of this ICQ is to help
evaluate an awareness of University policies and internal control practices and to
identify areas where compliance and control may need to be improved.
For more information on decentralized responsibilities, we've
included a list of University procedures
that can be found online.
To find out more about ICQ's, contact Internal Audit at (716) 645-2644.
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