Respuesta :
Companies adhere to internal control rules to protect their assets and improve the integrity and dependability of their accounting records.
Internal control is a procedure for ensuring that an organization's objectives in operational effectiveness and efficiency, accurate financial reporting, and compliance with laws, rules, and policies are met, according to the definitions of accounting and auditing. Internal control is a comprehensive notion that encompasses all aspects of risk management for a company. It is a method for managing, tracking, and evaluating an organization's resources. At the organisational level, internal control objectives relate to the accuracy of financial reporting, prompt feedback on the accomplishment of operational or strategic goals, and compliance with laws and regulations. It plays a significant role in identifying and preventing fraud and protecting the organization's resources, both tangible and intangible. Internal controls at the transactional level refer to the steps taken to accomplish a certain goal.
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