ACC CHAPTER 4

Examples of controls

segregation of duties (authorization, custody, and recordkeeping, quality of employees, bonded employees, required absences, procedures manuals, authority and responsibility, prenumbered documents, physical controls, and performance evaluations,

Internal controls

Process designed to ensure:

1. reliable financial reporting

2. effective and efficient operations,

3. compliance with applicable laws and regulations

4. safeguarding assets against theft and unauthorized use, acquisition, or disposal.

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