Our Preliminary Controls Self-Assessment Questionnaire is designed to aid internal audit departments in evaluating and understanding the existing control environments within an organization. It serves as a preliminary step before conducting detailed audits, allowing managers or process owners to self-assess their current systems and controls across various domains such as treasury, information technology, billing, payroll, and purchasing. This structured approach helps in identifying areas of strength and pinpointing vulnerabilities that require attention, thereby facilitating targeted improvements in business processes and internal controls. The document includes 11 sample questionnaires that are all adaptable to different business contexts, ensuring relevance and applicability across diverse organizational scenarios.

Sample questions include: 

• Are there system controls alerting the user that certain invoices are approaching their due date and should be paid? 
• What are the standard review procedures to ensure timely payment of invoices? 
• Is there a standard procedure in which someone ensures that withholdings are paid timely when due?