Internal control plays an important role in your business

Internal control is the general methodology by which management is carried on within an organization also any of the numerous devices for supervising and directing an operation or operations generally.

Internal control is a basic factor operating in one form or another in the administration of every organization, business or otherwise. Although sometimes identified with the administrative organism itself, it is often characterized as the nervous system that activates overall operating policies and keeps them within practicable performance ranges. A particular system of internal control, notwithstanding its superficial resemblance to common patterns of organization and management, is usually unique in detail, having developed around individuals with varying capacities of supervision and with varying abilities to delegate or assume authority. Read more...