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Internal Controls
Our internal controls.
- Internal Controls
- Effective internal controls empower management to reach the City's goals and objectives by minimizing risks. There are three types of internal controls:
- Preventive Controls
- any activity that mitigates or stops an adverse event from happening to include:
- Segregation of duties
- Proper authorizations
- Adequate documents & records
- Proper record keeping procedures
- Physical control over assets
- Detective Controls
- any activity that documents or reveals when an adverse event has occurred such as:
- Reconciliation
- Independent checks of performance
- Monthly reviews of reports
- Corrective Controls
- any activity that resolves or remedies an adverse event
