The Internal Control Checklist is a tool used to help organizations identify and assess key internal control processes and procedures. It can help identify areas of risk and potential weaknesses in the organization's internal control processes. The checklist is a list of questions that can be used to review the processes related to accounting, financial reporting, and internal control. The questions are designed to identify areas of weakness and to help management create preventive and corrective action plans. Some of the areas reviewed in a typical internal control checklist include authorization, documents and records, physical security, segregation of duties, and fraud prevention. The checklist can help organizations ensure that their internal controls are effective and that they are meeting their goals.