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Glossary of Performance & Risk Management terms
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    « Strategy Map | Main | Uncertainty »
    Friday
    Dec042009

    Types of Internal Controls

    Detective: Designed to detect errors or irregularities that may have occurred.

    Corrective: Designed to correct errors or irregularities that have been detected.

    Preventive: Designed to keep errors or irregularities from occurring in the first place.

     

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