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متابعة

What is the importance of establish internal control for company?

Internal control is an important system to protect company financial and management data. It is establishing a process of how the company handless receiving and reporting money, administrative and management tasks. The most important purpose to establish internal control is to establish a protocol of how the managers and employees perform their day to day duties, reduce fraud and theft, reduce errors and organize information.

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تم إضافة السؤال من قبل yousry sadek , Group Finance Manager , Tal Holding Co
تاريخ النشر: 2017/09/26
Tafadzwa Kone
من قبل Tafadzwa Kone , Assistant workshop forman , ADW Trucks

to ensure future for the company

to manage manpower in effective way to increase company production and prophet

Saqib Khan
من قبل Saqib Khan , Assistant Manager - Continuous Audit , AlRajhi Cooperative Insurance

The importance of internal controls is an orginization is colossal.It plays an important role in preventing fraud, detecting fraud, and protecting tangible and intangible assets/resources of an orginazation. One of the main thing to keep in mind when establishing internal controls is to establish segregation of duties amoung the staff.

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