Internal Controls and Improvement
If the internal control system is implemented only to prevent fraud and comply with laws and regulations, then an important opportunity is missed. The same internal controls can also be used to systematically improve businesses, particularly in regard to effectiveness and efficiency.
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Famous quotes containing the words internal, controls and/or improvement:
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—Samuel Taylor Coleridge (1772–1834)
“If the Party could thrust its hand into the past and say of this or that event, it never happened—that, surely, was more terrifying than mere torture and death. ... “Who controls the past,” ran the Party slogan,”controls the future: who controls the present controls the past.””
—George Orwell (1903–1950)
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—Benjamin Franklin (1706–1790)