Quetions

LEON GUINTO MEMORIAL COLLEGE INC.

The Level of Assurance That the Internal Control Can Provide Among Selected Businesses in Atimonan, Quezon

QUESTIONNARE

Instruction: Put your answer on the space provided below or mark the box that correspond to your answer. Please don’t leave any item unanswered.

Business registered name:

Part 1: Business Profile and Structure

1. What is the type of business?

* Sole Proprietorship

* Partnership

* Corporation

* Others, please specify ____________

2. What is the nature of business?

* Service

* Manufacturing

* Merchandising

* Others, please specify ____________

3. How many years does the business exist? _________

4. What is the total number of employees?

* 1-10

* 11-20

* 21-30

* 31 above

Instruction: Put a mark on your corresponding answer.

Legend: (1- Never Accomplished) (2- Seldom Accomplished) (3- Sometimes Accomplished)

(4- Often Accomplished) (5- Always Accomplished)

4

3

2

1

5

ControlEnvironment

The responsibilities and authorities are properly assigned. |

Followed the policies and procedures |

Employees are educated about management philosophy and operating cycle. |

Have integrity and followed the ethical standards. |

Committed to competence |

Risk Assessment

Business objectives are properly set |

Management evaluates risk. |

Have specific control to the risk evaluated |

Gathers information about new amended laws and regulations |

Legend: (1- Never Accomplished) (2- Seldom Accomplished) (3- Sometimes Accomplished)

(4- Often Accomplished) (5- Always Accomplished)

1

2

3

4

5

Control Activities

Have a strong policies and procedures |

Management objectives are clearly communicated. |

There is a proper planning and reporting system. |

Duties are properly segregated. |

There is a control for safeguarding and access to asset. |

Information and...