Presentation Examples ICS 24 Apr2012 - Site PSC · 2019-01-04 · Presentation Examples_ICS 24 Apr2012.pptx Author: Berger Helmut Created Date: 4/23/2012 9:59:43 PM

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Internal Control – good practices

Helmut Berger April 24th 2012

page 2 Helmut Berger 24.04.2012

Examples of Risk Management and Internal Control

*  According to a recommendation of the Austrian Court of Audit a comprehensive system of risk management and internal control was established including also the statistical departments

*  With the support of an external consultant a process was launched to identify the major risks and to establish adequate risk reduction measures based on a standardised system of risk management

*  In workshops of management major risks were identified and assessed

*  Subsequently relevant procedures were analysed

*  Included was not only financial management but most of the other business functions (e.g. Quality management and personnel)

National Statistic Institute (Statistik Austria)



Risk identification and assessment in four categories of processes


Examples of Risk Management and Internal Control Assessing the financial amount at risk (e.g. key personnel)



Identifying measures and responsiblities


Examples of Risk Management and Internal Control Reporting in the financial statement





*  New internal regulation obliges all heads of departments to establish quality management, internal control and risk management

*  Implementation with strong support and consulting activities of internal audit

*  Support by proving 114 questions and statements on internal control

*  Description of control mechanisms, control measures and persons responsible by heads of departments

*  Check by internal audit in respect of consistency and quality *  Comprehensive written documentation of controls executed *  Obligation to constant adaption to new requirements

Internal Control in the municipality of Vienna



New budget regulation requiring internal control

Budget Law 2013 *  The Minister of Finance has to ensure that a system of

internal control is established in federal budget management and budget execution

*  Federal Accounting Agency has to control correctness of budget management and budget execution by means of a system of internal control established by the Minister of Finance and by own organisational measures



Internal Control – good practices

Helmut Berger April 24th 2012

Documents

Presentation Examples ICS 24 Apr2012 - Site PSC · 2019-01-04 · Presentation Examples_ICS 24 Apr2012.pptx Author: Berger Helmut Created Date: 4/23/2012 9:59:43 PM