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What is the importance of internal controls in big companies?

Big 4 Internal Controls
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Question added by Abbas Osman , Accountant , Madi madina
Date Posted: 2014/03/13
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Almutaz Bakry Sidahmed
by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

Effective internal controls is very important to big company as it reduce the risk of assets loss and help ensure the company operation are efficient and effective. Internal controls also provide reasonable assurance that the financial statement are reliable and the company comply with laws and regulation.

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