Internal Control

Internal Control is 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:

  • Efficiency and effectiveness of operations;
  • Reliability of financial reporting;
  • Compliance with applicable laws and regulations.
  • Safeguarding of the assets of the organisation

Bron:

  • COSO (1992),
  • GAO (?) –> added the fourth dimension

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