Control Systems: Internal Control, Internal Audit and External Audit. Internal control: Refers to the methods and procedures used to provide reasonable assurance regarding the achievement of objectives in the following catagories: the riability and validity of financial recording and reporting; safeguarding assets; compliance to policies, laws and regulations; and promoting effectiveness and efficiency of operations. Components of Internal Control Control Environment Risk Assessment Control Activities Communication/ Information Monitoring Read More »
Control Systems: Internal Control, Internal Audit and External Audit.
Internal control: Refers to the methods and procedures used to provide reasonable assurance regarding the achievement of objectives in the following catagories:
Components of Internal Control
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