Description
This article helps organizations understand and implement best practices for internal control (policies, procedures, and processes designed to minimize risks to an organization) and internal audits (the process that reviews the effectiveness of internal controls). It takes a complex topic and explains clearly the purpose of audits, internal controls, and the risks presented by not having an adequate financial system in place.
Features
- 5 main components of internal control systems
- 3 limitations of internal control
- Preventive and detective internal controls
- How auditors test internal controls
Recommended Audience
church leaders, elders, boards, pastors
Cost
Free
Practical Applications
- Protect your church by reading this article and learning the ins and outs of internal controls and audits and why they are important to you and your congregation.
- Understand how to prepare for an internal audit and what to expect during the audit process.
