Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the basics of Internal Control Components?

user-image
Question added by Muhammad Faheem , Teaching Faculty , Tabani's School of Accountancy
Date Posted: 2015/11/06
Desislava Kamenova
by Desislava Kamenova , Senior Accountant , Savallos Trading and Management Group Ltd

The Internal Control is based on the Control Environment ( the attitude to control); Risk Assessment (whether management has identified its riskiest areas and implemented control); Control Activities (policies and procedures); Information and Comminication (includes control to safeguard assets, accounting records, back up data and etc.); Monitoring (how effectice the monitoring is?);

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.