Internal Controls Toolkit - Christine H. Doxey - Bog

An important guide to the standards of internal control and the risks they mitigate "The concept of internal control is one of the trademarks of effective governance and good business operations. Without a strong system of internal control, organizations cannot ensure that the interests of company stakeholders are being protected. Strong internal controls support organizational goals and objectives, while helping safeguard against the risks of financial loss, operational waste, environmental irresponsibility, corporate fraud, and even reputational damage that can be irreparable. Internal control over financial reporting continues to be a major area of importance in the governance of an organization." --From the Introduction Internal Controls Toolkit is an essential guide for implementing the standards of internal controls that are necessary for any organization that wishes to provide the safeguards necessary to mitigate risk. At once comprehensive and practical, the book offers suggestions for identifying roles and responsibilities within a company, highlights process improvements, ideas for creating process documentation, and analyzing root cause of potential risk.