Skip to main content

The following is a greeting given in one of the 20 indigenous languages recognized by the State of Alaska.

Ade’ ndadz dengit’a?
(Deg Xinag)
"Hello, how are you?"
Back to Top

Alaska Department of Administration Division of Finance

You are here

Administration / Finance / Internal Controls

Internal Controls

Trust, but verify – Ronald Reagan
By failing to prepare, you are preparing to fail. – Benjamin Franklin

Introduction

The purpose of this webpage is to provide employees at all levels of the State with an understanding of what are internal controls, who is responsible for implementing them, and additional resources for obtaining more information.

What is Internal Control?

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal controls as:

A process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Effectiveness and efficiency of operations
  • Reliability of reporting
  • Compliance with applicable laws and regulations

Management's Commitment

The State of Alaska's senior management –

  • Supports a robust system of internal controls
  • Is committed to increasing awareness and understanding of internal controls policies and systems
  • Strongly encourages adherence to internal controls processes

Responsibility for Internal Control

Although management is responsible for establishing and the performance of the internal control system, everyone in the organization has some responsibility for internal control.

Mission Statement

The mission of the Division of Finance is to provide accounting, payroll, and travel services for State government.

State of Alaska Department Administration
Division of Finance

Physical Address: State Office Building,
333 Willoughby Avenue, 10th Floor,
Juneau, AK 99801
Mailing Address: PO Box 110204,
Juneau, AK 99811
Phone: (907) 465-2240
Fax: (907) 465-2169