Managers’ Internal Control Program (micp) Process Exam
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One of the functions that a manager is tasked with is control. This function entails him directing all the functions and ensuring that the organization is able to meet all its goals by using the resources it has. Take up this managers' internal control program process exam practice test and ensure you understand all you have covered. All the best!
- 1.HQDA staff agencies, Army Commands, Army Service Component Commands and Direct Reporting Units are the primary reporting organizations in the Army internal control process.
- A.
True
- B.
False
- 2.The _______________ is responsible for providing leadership, a positive command climate and support for the Army internal control process and designating a senior responsible official for the Managers' Internal Control Program.
- A.
Internal Control Administrator
- B.
Army Audit Agency
- C.
Head of the reporting organization
- D.
Assistant Secretary of the Army for Financial Management and Comptroller
- 3.An explicit statement of responsibility for internal controls & ICOFR must be in the performance agreements of commanders, managers, & ICAs responsible for the execution/oversight of effective internal controls, down to & including assessable unit level.
- A.
True
- B.
False
- 4.The ___________ designates the Internal Control Administrator within the reporting organization, and the _________ appoints an Internal Control Administrator in the Assessable Unit.
- A.
Senior Responsible Official , Assessable Unit Manager
- B.
Assessable Unit Manager, Head of the Reporting Organization
- C.
Head of the Reporting Organization, Assistant Secretary of the Army for Financial Management and Comptroller
- D.
Assistant Secretary of the Army for Financial Management and Comptroller, Senior Responsible Official
- 5._______________at all levels are responsible for assessment of areas of risk.
- A.
Internal Control Administrators
- B.
Commanders and managers
- C.
Subject matter experts
- D.
Functional proponents
- 6.An internal control evaluation plan is optional.
- A.
True
- B.
False
- 7.Formal internal control evaluations must be conducted at least once every ____ years.
- A.
3
- B.
7
- C.
5
- D.
2
- 8.Heads of reporting organizations must prepare a statement of assurance on the status of internal controls ____________.
- A.
Biannually
- B.
Annually
- C.
Never
- D.
Every 5 years
- 9.The MICP process applies to financial management only.
- A.
True
- B.
False
- 10.
- A.
Internal Control Administrator
- B.
Army Audit Agency
- C.
Head of the reporting organization
- D.
Assistant Secretary of the Army for Financial Management and Comptroller
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