Sample project team members and responsibilities matrix templates
Company management is responsible for evaluating the effectiveness of internal control and presenting a written assessment of that assessment as of the end of the fiscal year. Our chief executive officer and chief financial officer bear the ultimate responsibility for the planning and performance of our project to assess internal control effectiveness. To carry out the day-to-day performance and administration of the project, we formed a project team, which reports directly to those individuals responsible for management’s report on internal control effectiveness. To form our project team, we considered the need for individuals both internal and external to the company that possessed the following:
• Knowledge of company business processes and operations
• Knowledge of company control policies and procedures
• Expertise in information technology systems and controls
• Knowledge of financial accounting and reporting matters, including SEC reporting requirements
• Expertise in the design, documentation, testing, and evaluation of internal control
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