Loss Prevention Policies
What are the benefits of a comprehensive control program? If you were advising this corporation, what would be the specific benefits for them? A comprehensive control system helps the organization departments achieve the set objective within a given time period and as per the scheduled format. All transactions will be timely with those in power (authorization) and recording of all information will also be achieved. Correct accounts will be keyed in the appropriate accounts and in the specified financial period. This will in turn facilitate efficiency and effectiveness in the preparation of financial statements. Internal control system facilitates authorized and ...
