efficiency and Effectiveness of operations, reliability of financial reporting, and compliance with applicable laws and regulations
Internal control is a procedure carried out by a company's management, board of directors, and other staff members that is intended to give reasonable confidence that The data is trustworthy, correct, and current.of adherence to relevant laws, rules, agreements, policies, and procedure Regarding the accuracy of financial reporting
Internal controls are meant to stop mistakes and anomalies, spot issues, and guarantee that the right steps are done to fix them. Because controls are ingrained in operations, process owners throughout your department frequently carry out controls and engage with the system of control on a regular basis, sometimes without even recognizing it.
To know more about internal control refer to brainly.com/question/26398073
#SPJ4
