Internal control within a company involves everything that controls the risks to the organization. This might involve reliable financial reporting, accurate feedback, compliance with laws/regulations or achieving strategic goals. There are three types of controls: preventive, detective, and corrective. Using the company where you have been employed: Using the company where you have been employed, do the following: Discuss at least one control in each of these three categories Reflect on how enterprise risk management would influence the internal controls you identified
Internal control within a company involves everything that controls the risks to the organization. This might involve reliable financial reporting, accurate feedback, compliance with laws/regulations or achieving strategic goals. There are three types of controls: preventive, detective, and corrective. Using the company where you have been employed: Using the company where you have been employed, do the following: Discuss at least one control in each of these three categories Reflect on how enterprise risk management would influence the internal controls you identified
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Internal control within a company involves everything that controls the risks to the organization. This might involve reliable financial reporting, accurate feedback, compliance with laws/regulations or achieving strategic goals. There are three types of controls: preventive, detective, and corrective. Using the company where you have been employed:
Using the company where you have been employed, do the following:
Discuss at least one control in each of these three categories
Reflect on how enterprise risk management would influence the internal controls you identified
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