Day: December 22, 2021

ENVIRONMENT OF INTERNAL CONTROL

The environment in which internal control operates has an impact on the effectiveness of the specific control procedures. The control environment means the overall attitude awareness and actions of directors and managements regarding the internal control system and its importance Read More …

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CONCEPT OF INTERNAL CONTROL

According to AAS-6 (Revised) entitled, “Risk Assessment and Internal Control”, the system of internal control may be defined as “the plan of organization and all the methods and procedures adopted by the management of an entity to assist in achieving Read More …

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INTERNAL CONTROL

Control is a basic human requirement and it has existed throughout the ages in different facets of human activity. Business as such is a complex process and has grown even more complex with the technological advancement of the society. The Read More …

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