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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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Question ajoutée par yousry sadek , Group Finance Manager , Tal Holding Co
Date de publication: 2017/09/26
Tafadzwa Kone
par Tafadzwa Kone , Assistant workshop forman , ADW Trucks

to ensure future for the company

The internal control lead to success

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

Saqib Khan
par 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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