or ignored. followed, but followed. financial procedures adhered to? Emergency there are exceptions exist, procedures are significant they are not routinely used. exceptions. Doubt frequent enough exists as to to prevent whether or not the reliance on the internal control internal control system can be system. relied upon. 5 Bank reconciliations Many accounts are A number of Generally Performed to a high not reconciled significant are properly standard for all bank monthly. accounts are not reconciled each accounts at least once Reconciliations are reconciled month. a month. often poorly monthly. Quality is Exceptions exist performed. sometimes poor. but appropriate follow-up action is taken in all cases. 6 Transfer of cash Cash transfers from Cash transfers Cash transfers Cash transfers from resources central/regional from from central/regional levels levels to project central/regional central/regional to project level take a level take more levels to project levels to project week or less. than one month. level take two to level take one to four weeks. two weeks.
financial procedures adhered to? or ignored. Emergency procedures are routinely used. followed, but there are significant exceptions. Doubt exists as to whether or not the internal control system can be relied upon. followed. exceptions exist, they are not frequent enough to prevent reliance on the internal control system. 5 Bank reconciliations Many accounts are not reconciled monthly. Reconciliations are often poorly performed. A number of significant accounts are not reconciled monthly. Quality is sometimes poor. Generally are properly reconciled each month. Exceptions exist but appropriate follow-up action is taken in all cases. Performed to a high standard for all bank accounts at least once a month. 6 Transfer of cash resources Cash transfers from central/regional levels to project level take more than one month. Cash transfers from central/regional levels to project level take two to four weeks. Cash transfers from central/regional levels to project level take one to two weeks. Cash transfers from central/regional levels to project level take a week or less.