A tropical storm warning is in effect for Mecklenburg County. Tropical storm-force winds and heavy rains are expected through Friday.
The division is responsible for implementing and managing the Finance Internal Control Program to align with the Committee of Sponsoring Organizations (COSO) Internal Control Framework; establishing standards for financial internal control; and maximizing opportunities to improve standardization, efficiency, fiscal accountability, and oversight of the city's financial functions.
The scope of work for Finance Internal Control, in partnership with the other Finance Divisions and citywide departments, focuses on these financial functions:
Financial Reporting
Cash Receipts
Accounts Receivable
Debt
Purchasing/Accounts Payable/Payroll
Capital Assets
Investments
Risk Management
Financial policy, process and procedures development, review and revision
Compliance monitoring and reporting
Internal control risk assessment and remediation
Business process improvement and standardization
Training, support and guidance related to COSO Internal Control and Finance policies, processes, and procedures
Collaboration with City Internal Audit in support of audits related to Finance policies
Committee of Sponsoring Organizations of the Treadway Commission (COSO)