Self Assessment of Internal Control

Ensure that appropriate records are maintained for all businesses, users of government services, and individuals or entities against whom taxes or fees are assessed.

-Government loss of revenue as a result of billing errors.

-Eligible parties who have failed to file tax or other informational returns not identified.

-Systems may permit unauthorized removal of taxpayers or others from rolls.

-Employees afforded the opportunity to divert revenue to personal use.

Billing of taxes and services is performed promptly and in proper amounts; self-assessed taxpayers monitored; exemptions are only provided to those authorized.

- Billings inaccurately or incompletely prepared.

-With knowledge that there is no effective audit or review function, sales, income and other self-assessed taxpayers pay amounts less than required by law.

-Revenue lost due to inadequate procedures or improper employee accounts.

-Withholding or delaying the recording of cash receipts and application of funds to the proper accounts.

-Employee diversion of receipts to personal use.

-Failure to receive proper distribution of taxes collected by another level of government.

-Amounts improperly written-off and collections diverted to personal use.

-Account balances reduced by unauthorized transactions.

-Cash flow from payments retarded by delayed billing or deposits.

-Errors in transaction postings to detail or control accounts not detected in a timely
manner.

-Tampering with account balances encouraged by knowledge that controls are
ineffective.

-Problem accounts do not receive prompt attention, resulting in revenue or cash-
flow loss.