California Government Code

§ 13403

GOV § 13403 Effective Jun 24, 2015Div. 3 · Title 2 · Part 3 · Ch. 5

Statute text

(a)As used in this chapter, “internal control” means a process, including a continuous built-in component of operations, effected by a state agency’s oversight body, management, and other personnel that provide reasonable assurance that the state agency’s objectives will be achieved. The following five components of internal control, if effectively designed, implemented, and operated in an integrated manner, constitute an effective internal control system:

(1)“Control environment” means the foundation for an internal control system that provides the discipline and structure to help a state agency achieve its objectives.

(2)“Risk assessment” means an assessment of the risks facing the state agency as it seeks to achieve its objectives and provides the basis for developing appropriate risk responses.

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Legislative history

Amended by Stats. 2015, Ch. 25, Sec. 16. (SB 84) Effective June 24, 2015.