Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How to design and evaluate internal control in finance and accounting departments?

Auditing Finance
user-image
Question added by Mohamed Mahfouz , Group Financial Manager , Ahdaf Holding (Al-Hussein and Al-Afaliq Group of Companies )
Date Posted: 2013/08/26
Upvote (0) Views (3) Followers (0) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

First step is to identify the key business processes and then to identify the "risks" associated with those business processes.
Thereafter, internal controls are designed for all those risks in line with their importance and occurence (high to low).

Write Your Answer
More Questions Like This