Year of Publication

2021

College

Martin School of Public Policy and Administration

Degree Name

Master of Public Financial Management

Committee Chair

Dr. Merl Hackbart

Executive Summary

Internal controls involve every process that assess or mitigates risks within an organization. From an organizational level, internal control objectives relate to the reliability of financial reporting, measurements on the status of achieving operational or strategic goals, and compliance with laws and regulations. Over the years internal controls have gained the misconception of being merely an accounting or auditing function. However, poor or lapsed internal controls can have devastating effects on an organization. Conversely, an organization that places heavy emphasis on internal controls and leads with an ethical culture are more likely to be successful in meeting their organization’s mission and goals. Public organizations are not exempt from internal controls and can implement regardless of size or service level. This project addresses the importance and impact of internal controls on a public organization

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