INTERNAL CONTROL, INTERNAL AUDIT AND OPERATIONAL AUDIT

INTERNAL CONTROL
Internal control system can be defined to be the policies, practices,procedures and tools designed with the objective to:

1. safeguard corporate assets
2. ensure accuracy and reliability of data captured and information products.
3. promote efficiency
4. measure compliance with corporate policies.
5. measure compliance with Regulations.
6. manage the negative events and effects from fraud,crime,and deleterious activities.