ch01 Internal Control and Cash课件.pptVIP

Internal Control and Cash Chapter 1 Objective 1 Internal Control What is internal control? It is the organizational plan and all the related measures that an entity adopts to… safeguard assets, encourage adherence to company policies, promote operational efficiency, and... ensure accurate and reliable accounting records. Internal Control Objective 2 Establishing an Effective System of Internal Control Characteristics of an effective internal control system include: Competent, reliable, and ethical personnel Assignment of responsibilities （Proper authorization） 3 Separation of duties S