What is internal control, and what are the objectives of a good internal control structure in an organization?
Internal controls are protocols and systems which safeguard a firm from losses due to issues such as theft or accident. ....and enhancing accuracy and reliability of accounting records. A companyÕs assets must be protected from employee theft, robbery and unauthorized use. Accuracy and reliability of a companyÕs accounting records is accomplished by reducing the risk of errors and fraudulent activities ...