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VYFC » Topics » Internal Control

This excerpt taken from the VYFC DEF 14A filed Mar 23, 2007.

Internal Control

 

  •  

Evaluate whether management is communicating the importance of internal control and ensuring that all individuals possess an understanding of their roles and responsibilities.

 

  •  

Focus on the extent to which internal and external auditors review computer systems and applications, the internal security, and the contingency plan in the event of a systems breakdown.

 

  •  

Determine whether or not internal control recommendations made by internal and external auditors have been implemented by management.

 

  •  

Ensure that management, the external auditor and the internal auditors keep the Committee informed about fraud, illegal acts, or deficiencies in internal control.

The Committee will perform such other functions as are authorized for this Committee by the Board.

This excerpt taken from the VYFC DEF 14A filed Mar 28, 2006.

Internal Control

Evaluate whether management is communicating the importance of internal control and ensuring that all individuals possess an understanding of their roles and responsibilities.

Focus on the extent to which internal and external auditors review computer systems and applications, the internal security, and the contingency plan in the event of a systems breakdown.

Determine whether or not internal control recommendations made by internal and external auditors have been implemented by management.

Ensure that management, the external auditor and the internal auditors keep the Committee informed about fraud, illegal acts, or deficiencies in internal control.

The Committee will perform such other functions as are authorized for this Committee by the Board.

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 23, 2007
DEF 14A
Mar 28, 2006

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"Internal Control" elsewhere:

Camco Financial (CAFI)
First Federal Bancshares of Arkansas (FFBH)
First Security Group (FSGI)
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