Why auditors consider internal controls of an organization
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Why do auditors have to consider the internal controls of the organization?
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Solution Summary
The 282 word solution explains what the system of internal controls is and how it works within an organization, and why it is necessary. Four negative results are stated for possible issues when the controls are not functioning properly.
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A system of internal controls is a system of accounting procedures for an organization. There must be procedures for how to accomplish work in a consistent manner throughout an organization.
If one person was doing all the accounting, a system of internal controls would not be quite as necessary. In that case, a system of internal controls would be virtually non-existent, because the second part of a system of internal controls are the ...
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