Internal Control: Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations. The following are the some of the internal control procedures: Competent, Reliable, and Ethical Personnel Assignment of Responsibilities Separation of Duties Audits Documents Electronic Devices Electronic Commerce To determine: The weakness of the company

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Chapter 7, Problem 5QC

To determine

Internal Control: Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations. The following are the some of the internal control procedures:

Competent, Reliable, and Ethical Personnel

Assignment of Responsibilities

Separation of Duties

Audits

Documents

Electronic Devices

Electronic Commerce

To determine: The weakness of the company

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