Internal Control
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Title: Internal Control

Essay Details:

Subject: Business
Author: Charles D
Date: December 18, 2012
Level: University
Grade: A
Length: 5 / 1367

Essay text:

The solution therefore is not to trust the key personnel but instead to trust the controls. This in turn means that organisations need to develop more sophisticated more ?water-tight' control policies and plans. Truly effective internal controls establish a framework whereby only honest, trustworthy, competent, qualified employees are hired and business objectives are continuously met or surpassed. Sophisticated controls have the ability to eliminate the need to place high levels of trust in key personnel but it can never be a case of develop the control and trust it implicitly with no evaluation or adjustment...

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