DAFPD65-2 — Risk Management And Internal Control Program

DAFPD65-2 governs the Department of the Air Force Risk Management and Internal Control Program, including policy and assigned responsibilities.

Search DAFPD65-2

  • Publication number: DAFPD65-2
  • Title: RISK MANAGEMENT AND INTERNAL CONTROL PROGRAM
  • Date: 2023-02-23

View DAFPD65-2 on armypubs.army.mil

It establishes requirements for identifying, assessing, responding to, and reporting risks, maintaining internal control, and integrating risk management functions. It also assigns duties for governance, annual assurance reporting, financial controls, operational controls, and stakeholder training.

Topics covered

  • Risk management
  • Internal control
  • Statement of Assurance
  • Enterprise risk management governance
  • Internal controls over financial reporting
  • Internal controls over financial systems
  • Internal controls over operations

Questions and answers

What must senior leaders, commanders, directors, and managers do about risks?

Identify, assess, respond, and report on risks to achieving the operations, reporting, financial systems, and compliance objectives of their respective organizations and deficiencies in internal control resulting from realized risks. (paragraph 1)

When must internal control be established and maintained?

Establish and maintain internal control to achieve objectives when the benefits exceed the costs, and correct deficiencies to internal control when identified. (paragraph 1)

How must internal control effectiveness be assessed and reported?

Apply a risk-based approach to assess and report on internal control effectiveness. (paragraph 1)

How often does the DAF submit a Statement of Assurance?

The DAF submits a Statement of Assurance (SoA) to the Office of the Under Secretary of Defense (Comptroller) (OUSD(C)) annually, asserting to the effectiveness of the DAF’s system of internal control. (paragraph 1)

What does the Assistant Secretary of the Air Force for Financial Management and Comptroller oversee?

Oversee and administer the DAF’s Internal Controls over Financial Reporting and Internal Controls over Financial Systems to satisfy the responsibilities of the Senior Assessment Team (SAT). (paragraph 2)

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