Implementing Sound Internal Controls System
A business organization is primarily working to earn sufficient return on their investment. Investment is not only money, but also their time. Both have significant value in the business as well as life. Many organizations are facing a lot of issues, but they have no idea about why it happens. No way to find out the reasons behind these issues. It i.is due to the lack of Sound Internal Control System and Finance Department.
Implementation of the sound Internal Control System must be in
touch with the functioning of the Finance Department. All the
departments in the organization must be in the control system,
and then only promoters can understand the reasons and take appropriate actions against the issuesin the business.