MICP - Internal Control Process correctly answered 2023

MICP - Internal Control Process correctly answered 2023HQDA staff agencies, Army Commands, Army Service Component Commands and Direct Reporting Units are the primary reporting organizations in the Army internal control process. True. The _______________ is responsible for providing leadership, a positive command climate and support for the Army internal control process and designating a senior responsible official for the Managers' Internal Control Program. Head of the reporting organization. An explicit statement of responsibility for internal controls & ICOFR must be in the performance agreements of commanders, managers, & ICAs responsible for the execution/oversight of effective internal controls, down to & including assessable unit level. True. The ___________ designates the Internal Control Administrator within the reporting organization, and the _________ appoints an Internal Control Administrator in the Assessable Unit. Senior Responsible Official , Assessable Unit Manager. _______________at all levels are responsible for assessment of areas of risk. Commanders and managers. An internal control evaluation plan is optional. False. Formal internal control evaluations must be conducted at least once every ____ years. 5 Heads of reporting organizations must prepare a statement of assurance on the status of internal controls ____________. Annually. The MICP process applies to financial management only. False. The ______________ is responsible for designating the assessable units (and assessable unit managers) within the organization. Head of the reporting organization