What are the steps of conducting an evaluation for an organization's internal control system?© BrainMass Inc. brainmass.com October 10, 2019, 7:00 am ad1c9bdddf
An internal control system is the way a company can protect itself. It consists of five main components- management integrity, competent personnel, segregation of duties, record keeping, and safeguards. Before an outside auditor can determine if there is an adequate system in place, several things should be completed. Management needs to be interviewed. This will help determine the management ...
This solution investigates how to evaluate an internal control system.