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WHOW YOU DESCRIBE INTERNAL CONTROLS (MEANING) ?

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Question added by WAQAR HYDER MUHAMMAD SHARIF , MANAGER ACCOUNTS AND AUDIT , AL MEHER GROUP
Date Posted: 2014/10/27
Waqayan Al Waqayan
by Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

Control – Any action taken by management, the board, and other parties to manage risk and increase the likelihood that established objectives and goals will be achieved. Management plans, organizes, and directs the performance of sufficient actions to provide reasonable assurance that objectives and goals will be achieved.

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