06Introduction to Internal Control Systems PPT.ppt（06 PPT.ppt介绍内部控制系统）.pdf

Introduction to Internal Control Systems Introduction Internal Control Systems  Definition  Framework Preventive, Detective, and Corrective Controls Control Activities within an Internal Control System Cost-Benefit Concept for Developing Controls Introduction An organization’s financial resources can be protected from loss, waste, or theft by developing an internal control system implementing it within its AIS An internal control system ensures reliable data processing promotes operational efficiency Introduction This presentation defines: corporate governance, IT governance, and internal controls. Internal Control An internal control system consists of various methods designed and implemented several measures planned and executed Internal Control It aims to achieve four main objectives: to safeguard assets, to check the accuracy and reliability of accounting data, to promote operational efficiency, and to encourage adherence to prescribed managerial policies. Internal Control Internal Control is a process effected by an entity’s  board of directors,  management, and  other personnel. providing reasonable assurance in:  effectiveness and efficiency,  reliability of financial reporting, and  compliance with applicable laws and regulations Objectives of the Internal Control Structure The objectives of the Control Structure are: Safeguarding assets Checking the accuracy and reliability of accounting data Promoting operational efficiency Encouraging adherence to prescribed managerial policies Background Information on Internal Controls The key laws, profes