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      « Integrity | Main | Internal Control System »
      Saturday
      Dec062008

      Internal Control

      DateSaturday, December 6, 2008 at 03:40PM

      A process, effected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

      • Effectiveness and efficiency of operations.
      • Reliability of financial reporting.
      • Compliance with applicable laws and regulations.

      Source : COSO Integrated Internal Controls Framework, COSO Integrated Risk Management Framework

       

      AuthorAndrew Smart | CommentPost a Comment |
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