Internal Control

Essay specific features

 

Issue:

Business

 

Written by:

Janie A

 

Date added:

July 21, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1367

 

Was viewed:

7911 times

 

Rating of current essay:

 
Essay content:

The solution therefore is not to trust the key personnel but instead to trust the controls. This in turn means that organisations need to develop more sophisticated more ?water-tight' control policies and plans. Truly effective internal controls establish a framework whereby only honest, trustworthy, competent, qualified employees are hired and business objectives are continuously met or surpassed...
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Truly effective internal controls establish a framework whereby only honest, trustworthy, competent, qualified employees are hired and business objectives are continuously met or surpassed. Sophisticated controls have the ability to eliminate the need to place high levels of trust in key personnel but it can never be a case of develop the control and trust it implicitly with no evaluation or adjustment...
displayed 300 characters

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