7. Procedures
1. Methods to conform with prescribed policies
1. To reduce the possibility of fraud and error
2. One employee’s work is automatically checked by another (separate duties)
3. Built into the system of control
4. Depends on degree of risk, cost of preventive procedures, availability of personnel, operational impact, feasibility
5. For non-machanical operations, procedures should not be detailed as to stifle the use of judgment
6. To promote maximum efficiency and economy, procedures should be as simple as possible and inexpensive
7. Should not be overlapped, conflicted, or duplicated
8. Should be reviewed and improved periodically