Internal Control Score Quiz
Assess your internal controls and get a score with recommendations.
Your Control Score
What Are Internal Controls?
Internal controls are the processes, procedures, and policies that ensure the accuracy of financial reporting, prevent fraud, and protect company assets. They include segregation of duties, documentation requirements, approval workflows, regular reconciliations, access controls, and audit trails. Strong internal controls are essential for business sustainability, regulatory compliance, and stakeholder confidence. Weak controls can lead to fraud, errors, financial losses, and reputational damage.
Frequently Asked Questions
What are internal controls?
Internal controls are processes and procedures that ensure the accuracy of financial reporting, prevent fraud, and protect company assets.
How is the control score calculated?
The score is based on 10 key control areas including segregation of duties, documentation, approval workflows, reconciliation, and access controls.
What score should I aim for?
A score of 80+ indicates strong controls. 60-79 means moderate controls. Below 60 indicates weak controls needing immediate attention.
Strengthen Your Controls
PettyCash provides built-in internal controls including approval workflows, audit trails, and segregation of duties.
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