Management’s Responsibility for Internal Control, June 17, 2013

This regulation provides Department-wide policy that is designed to improve the accountability and effectiveness of agency programs and operations. The policy’s intent is to ensure that programs are managed with integrity, and that program operations comply with applicable laws and regulations.b. The purpose of this revision is to incorporate changes based on revised Office of Management and Budget (OMB) Circular No. A-123, “Management’s Responsibility for Internal Control,” dated December 21, 2004. The circular emphasizes the need for integrated and coordinated internal control assessments that synchronize all internal control-related activities.c. A major addition to the revised circular is the Appendix A, Internal Control over Financial Reporting. The appendix requires a separate assurance statement and corrective actions, if applicable, that assert the effectiveness of internal control over financial reporting as of June 30 of each year.

Complete document with all Appendix available as download below.