What is the Self-Assessment of Internal Control?
It is a questionnaire administered each April by the Dept of Finance & Management to all departments in Vermont state government. The questionnaire encourages management and staff to step back from their day-to-day activities to assess the risks and internal controls for the business processes within which they work. It provides departments with a worksheet to document the control activities in place within their operations and can serve as a tool for identifying and making improvements. Self-assessment seeks to raise a department’s internal control consciousness, while emphasizing management and staff’s responsibility for developing, implementing, and monitoring effective internal control systems.
