Name

COSO Internal Control Framework (C5) Monitoring Control Activity - Production Planning and Control - September 2016

Description

COSO - Integrated Internal Control Framework
COSO CONTROL COMPONENT: MONITORING CONTROL ACTIVITIES
COSO PRINCIPLE NO. 16 & 17
COSO CONTROL OBJECTIVE: Production Planning and Control
COSO ORGANIZATION LEVEL OF RESPONSIBILITY: BUSINESS UNITS AND ACTIVITY LEVEL

C5. Control activities should be designed as an integral part of the organization, taking into consideration its objectives, the risks to their achievement, and the inter-relatedness of the control elements.

Carry out the monitoring activities on internal controls implemented in the organization as per listed below procedures and prepare an evaluation of internal controls and communicate the deficiencies identified during the evaluation of internal controls. you can prepare an Internal Audit report for communicating the internal control deficiencies identified.

Objective:

1) Ensure that the accurate requirements in relation to the production and manufacturing are identified, validated and appropriately planned for.
2) Ensure that to meet the production demand and manufacturing obligations sufficient facilities and resources are available on timely manner.
3) Ensure that the standards regarding quantity and quality are properly complied and any problems occur are promptly resolved.
4) Ensure that the actual production plant efficiency and performance meet management's expectation in an appropriate manner.

Standard (Non-IT) Audit Program

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