Running head: INTERNAL CONTROLS1Internal ControlsStudents NameInstitutionINTERNAL CONTROLS2Internal ControlsInternal control aims to monitor the fraud of the transactions of the money received bythe organizations. There are ten different internal controls that are used by the organization;they include; utilization of system of checks and balances in ensuring no one has the controlover all parts of the financial transaction. Reconciling agency bank account every month. Toget to know the cheques cancelled and those accepted and issued as bank statements. Comingup with strict rules about agency credit cards and verifying all the charges made to creditcards. Therefore, this minimizes users and makes the credit cards to be used for business only(Hightower, 2009). Provision of oversight of agency operations and management to the boardof directors, this helps to monitor ...
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