Respond to the following in a minimum of 175 words:
Internal control is a process that is designed to help firms reach their goals and objectives as measured with respect to maintaining reliability, operational efficiency and effectiveness, and consistent financial reporting. In addition, adequate internal control ensures mitigating risks and compliance with regulations a
–
In a minimum of 175 words, respond to the following:
Internal control is a method for assisting companies in achieving their goals and objectives in terms of maintaining reliability, operational efficiency and effectiveness, and consistent financial reporting. Furthermore, adequate internal control ensures risk mitigation and adherence to regulations and policies.
Distinguish the five elements of internal control.
