ch05 Accounting Systems and Internal Controls 财务会计英文版课件.pptVIP

Objectives of Internal Control 1. assets are safeguarded and used for business purposes. 2. business information is accurate. 3. employees comply with laws and regulations. Elements of Internal Control 1. Control environment 2. Risk assessment 3. Control procedures 4. Monitoring 5. Information and communication Control Procedures Competent Personnel Rotating Duties Mandatory Vacations Separating Responsibilities for Related Operations Separating Operations, Custody of Assets, and Accounting Proofs and Security Measures Separating Responsibilities for Related Operations 1. Orders may be place