College of Ceramics Internal Control Program

Program Operation

The College of Ceramics’ Internal Control Program operates a planning cycle that incorporates the following:

Segmentation

Segmentation is the process of identifying the program and administrative functions necessary for the College to carry out its mission. Functions identified through this process are called “assessable units” and provide framework for the implementation of the College’s Internal Control Program.

Risk Assessment Surveys

Through the use of risk assessment surveys, the College monitors and evaluates its susceptibility to conscious or unintended abuses and reduced operation efficiencies.

Completed surveys are evaluated and a rating low, average or high risk is assigned to each assessable unit. These ratings are considered when scheduling internal control reviews.

Internal Control Reviews

An internal control review analyzes procedures and policies to insure they are functioning as intended and that they assist the unit in meeting its objectives and goals. Examples of procedures and policies which may be reviewed include planning activities, program evaluations, the budget cycle, personnel transactions, information systems, cash activities, contract management and capital programs.

Training

Training is an ongoing component of the College’s Internal Control Program. The College may provide training in several formats, including formal training sessions, written guidelines and memoranda, short training films and reference materials.

At appropriate intervals, the College will sponsor training sessions on internal control practices. These sessions will provide updates on the status of the College’s Internal Control Program. They will also present innovative ideas to enhance internal controls and to identify internal control weaknesses.

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