作者：Matt Quante 10 年以前
221
Chapter 3 Notes
Internal controls are fundamental to ensuring the reliability of financial reporting, compliance with management directives, the promotion of operating efficiency, and the safeguarding of assets.
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Chapter 3 Notes Risks hazard risk directors and officers liability strategic business strategy legal and regulatory operational human error systems financial liquidity credit market definition and purposes reasonable assurance using cost/benefit ratio broad range of organizations widespread responsibility process of internal control COSO framework Examples job rotation bank reconciliation document matching separation of duties control environment risk assessment control activities Information and Communication Monitoring internal controls compliance with management directives promote operating efficiency ensure reliable financial reporting safeguard assets Expected Outcomes summarize and critique internal controls define and represent risks Define and explain internal controls and their purpose
