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CHAPTER 1: AUDIT PLAN <br /> Audit Objectives <br /> • Assess the control environment, including management's <br /> policies and procedures for establishment and maintenance of <br /> an effective internal control system. <br /> • Assess the adequacy of internal controls relating to cash <br /> handling activities, including: <br /> o Adequacy of written policies and procedures. <br /> o Functional compliance with written policies and <br /> procedures. <br /> o Adequacy of separation of duties and reporting, <br /> reconciliations, and reviews of cash handling activities. <br /> o Safeguarding of cash. <br /> o Timely receipt and deposit of cash. <br /> o Adequacy of internal controls over cash handling activities <br /> of satellite offices. <br /> • Assess the adequacy of internal controls of systems and <br /> application activities relating to the Department's financial <br /> IT systems, including: <br /> o Adequacy of policies and procedures for IT security, <br /> passwords, access rights, user groups, backups, and <br /> disaster recovery. <br /> o Adequacy of separation of duties over IT financial systems <br /> activities. <br /> o Adequacy of physical security over IT computer server <br /> rooms, workstations, and networks. <br /> o Adequacy of systems processes to monitor and report on <br /> IT systems activities. <br /> o Adequacy of internal controls of networked IT systems. <br /> 2 <br />