Questionnaire

We are students of Saint Louis College taking up Bachelor of Science in

Accounting Technology. In relating to our subject, Audit 101 (internal
Auditing) we are required to conduct a study about the Internal Control of a
company, and we have chosen your company to be the subject of our study.
As such, we then request that you answer this questionnaire that we provide.
Rest assured that any information you will provide will be for academic
purposes only. For the items which are not applicable, write N/A on the
spaces provided after each item. Thank you.

I. The Company

A. Company Background

1. What is the companys registered name?

2. What is the companys vision and mission?

3. Contact and location of the company.

4. Who is the companys owner?

5. How many employees are working in the company?

 6. Kindly give the list of positions and description of each work of the

employees.

7. What are the services that the company perform to its customers?

8. What is the nature of the business?

9. What are the permits by the entity in accordance with laws and
regulations in operating the business?
II. The Internal Control

A. The Control Environment

1. What are the requirements in applying in the company?

2. How do you screen applicants?

3. Who trains the newly hire employees?

4. What seminars do you have?

5. Is there any CCTVs available in the company? How many CCTVs?

6. How do the management disseminate policies and regulations

impose on its employees.

7. How is code of conduct given importance by the company?

 8. How often meeting occurs?

9. Who are the persons which consist the audit committee?

B. Risk Assessment and Transaction Recording

1. What are the policies and procedures by the company?

2. Are the internal auditors involved during discussion of risk?

C. Information and Communication System

1. How will you implement a policy? How will you inform the workers
about it?

2. How does the information and communication system help the

employees?
 3. What does the employees use in recording there time in and outs?

D. Control Activities

1. What are the physical activities that ensure the safety of the
company?

2. What are the databases or programs that can be used by the

employees?

3. How often does the company perform inventory of accountable

forms or files or records? After checking do you compare it to the stated
quantity on the system?

4. If discrepancy is found. What is the action of the management?

 E. Monitoring

1. Who is assigned to take action in dealing control breakdowns or

fraud?

2. How often does the company conducts performance review?

Questionnaire

General Yes No Remarks

1. Are the duties for your workers are defined?
2. Is there an organizational chart you have
established?

A. Control Environment
1. Does the manager periodically review the
companys policies and procedures to ensure that
there is control in the company?
2. Does the company has a Board of Directors?
3. If yes, does the board receive sufficient
appropriate information regarding the
transactions or any problems that occurred to
make informed and timely decisions.?
4. Does the company has audit committee?
5. If yes, does the audit committee composed of
the same people as that of the BOD?
6. Does the company have internal auditors?
7. Does the company has external auditor?
8. Are the policies established communicated
properly to the personnel?
9.
10
11.
8. Does the company establish code of conduct?
9. Does the company has policy on hiring, training
and evaluating employees?
10. Do requirements needed differ on varying
positions?
11.
12. Are newly hired employees provided with
training and seminars?
13. Are all employees well-informed with their
respective duties, responsibilities and
accountability?
14. Does the company o compatibility of desired
position with applicants qualifications?
B. Risk Assessment
1. Did the company experience cases of error or
fraud?
2. Does the company added some operations or
activities in order to meet their customers
demand? Ie. Lower interest rate?
3. Does the company experience problems due to
technological advancement? Customer
preferences? Other competitors? New officers and
the like.
4. Does the company believe that its location is
feasible?
C. Accounting, Information, and
Communication System
1. Does the company has Accounting System?
2. Does the company has an Information and
Communication System?
3. Does the company has accounting manuals?
4. Are the reports generated intended for
operational, financial, managerial and
compliance-related activities sufficient enough to
manage the company?
5. Does the accounting system helps the
company in maintaining accountability for the
assets, liability and equity?
6. Do all personnel understand their individual
role and responsibilities in the company?
7. Does the entity already experienced a change
in policy?
8. Is there a standard operating procedure in
preparing payroll?
D. Control Activities
1. Is the segregation of duties among employees
strictly implemented?
2. Does the management or these charged with
governance directly supervise the employees
during and after work?
3. Does the company provide projections?
4. Does the company compare the projections
with actual amounts?
5. Does the company perform an inventory of
accountable forms / files / records?
6. Does the company has still existing manual
operations?
E. Monitoring
1. Does the company have a committee which
focuses on monitoring daily activities?
2. Does the company performs system
maintenance?