A Business will use a system of internal controls to protect the business owner’s assets, ensure the integrity and reliability of its information, secure compliance with laws, policies and processes. Internal controls help your business reach its business target.
Internal commands are a cognitive operation that is established, reviewed and continually monitored by company owners, board of managers, administrators and directors.
It is the duty of the owners or board of managers to assure an adequate internal control system is actually carried out and applied.
It is management’s duty to set up and maintain adequate internal control over financial reporting.
It is the duty of all employees to interpret the interior commands and assure they are in force.