Effective internal controls and accountability can discourage the manipulation of financial...

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Effective internal controls and accountability can discourage the manipulation of financial statements by management. What are other measures to consider in safeguarding company assets?the page limit half page

David · Accepted Answer

Effective internal controls and accountability can discourage the manipulation of 
financial statements by management. What are other measures to consider in 
safeguarding company assets? 
"Internal control" is a process by the board of trustees and management and it is 
designed to provide reasonable assurance that the objectives of effectiveness and 
efficiency of operations, reliability of financial reporting, compliance with rules and 
regulations and safeguarding of assets can be achieved. Internal controls are methods 
or procedures which have been adopted in a business for safeguarding its assets.

Effective internal controls and accountability can discourage the manipulation of financial statements by management. What are other measures to consider in safeguarding company assets?the page limit...

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