ATP 1-06.4 — Internal Controls
ATP 1-06.4 governs techniques and practices for integrating management internal controls into Army financial management operations.
- Publication number: ATP 1-06.4
- Title: INTERNAL CONTROLS
- Date: 05/12/2016
- Proponent: T2COM
- Status: ACTIVE
View ATP 1-06.4 on armypubs.army.mil
ATP 1-06.4 covers internal controls across fund the force, banking and disbursing, pay support, accounting support and cost management, and the Managers Internal Controls Program. It incorporates Department of Defense Financial Improvement and Audit Readiness guidance and addresses internal control evaluations and the Annual Statement of Assurance.
Applies to: The principle audience for ATP 1-06.4 is all members of the profession of arms.
Topics covered
- Financial management principles
- Fund the force
- Banking and disbursing
- Pay support
- Accounting support and cost management
- Audit trails
- Internal control reviews
- Managers Internal Controls Program
Questions and answers
What are the six financial management principles in ATP 1-06.4?
Financial management (FM) is comprised of six principles: stewardship, synchronization, anticipation, improvisation, simplicity, and consistency. (paragraph 1-3)
What must Army leaders do for internal controls?
Army leaders are responsible for ensuring that effective internal controls are developed, implemented, documented, and assessed within their organizations. (paragraph 1-2)
What must audit trails show?
Audit trails are necessary to demonstrate the accuracy, completeness, and timeliness of a transaction. (paragraph 1-21)
What must all financial transactions be?
Accurate and complete. Controlled from unauthorized access and use. Identified, tracked, and controlled to ensure that the numbers, types, and dollar amounts are complete. Authorized and approved by duly designated officials. (paragraph 1-22)
How often are internal control reviews normally conducted?
Normally, a review is conducted once per quarter but no less than semi-annually. (paragraph 2-57)