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Types of Internal Controls Explained by Arya Guzman is a document available to read on EtoBox.
What is Types of Internal Controls Explained about?
The document discusses different types of internal controls including preventive, detective, and corrective controls. It provides examples of each type of control such as separation of duties, reconciliations, and disciplinary actions. The benefits of internal controls are also summarized such as preventing fraud and errors, reducing lawsuits, and avoiding excessive costs. Risks of weak internal controls include erroneous decisions, fraud, and loss of assets. Finally, it notes that management, the board of
- Author
- Arya Guzman
- Language
- EN