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.
Read more about this topic: Internal Control
Famous quotes containing the words internal, controls and/or improvement:
“The internal effects of a mutable policy ... poisons the blessings of liberty itself.”
—James Madison (1751–1836)
“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)
“They act as if they supposed that to be very sanguine about the general improvement of mankind is a virtue that relieves them from taking trouble about any improvement in particular.”
—John Morley [1st Viscount Morley Of Blackburn] (1838–1923)