Internal control

Internal Control

About Us:

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.

Our Scope:

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

Our Services:

  • 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

Helpful Links:

Committee of Sponsoring Organizations of the Treadway Commission (COSO)