Transcription of Understanding Internal Controls
{{id}} {{{paragraph}}}
Example: bankruptcy
Understanding Internal Controls
Understanding Internal Controls A Reference Guide for Managing University Business Practices Understanding Internal Controls Table of Contents BALANCING RISK AND CHARACTERISTICS FOR Internal CONTROL Internal CONTROL CONTROL RISK CONTROL INFORMATION AND APPENDIX A BUSINESS CONTROL Understanding Internal Controls 1 Introduction The University of California is entrusted with great resources and commensurately great responsibilities for the creation, dissemination, and preservation of knowledge. Business Officers play a key role in assuring that high standards of business and ethical practices permeate throughout the activities surrounding the custody and use of these resources.
Understanding Internal Controls 3 Balancing Risk and Control Risk is the probablity that an event or action will adversely affect the organization. The primary categories of risk are errors, omissions, delay and fraud. In order to achieve goals and objectives, management needs to effectively balance risks and controls.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: