Internal Control Principles

TABLE OF CONTENTS

Introduction....................................................................................................................1

Internal Control Principles.............................................................................................1

Strengths.............................................................................................................1

Documentation Procedures.....................................................................1

Physical Controls....................................................................................3

Weaknesses.........................................................................................................3

Segregation of Duties.............................................................................3 Independent Internal Verification...........................................................3

Establishment of Responsibility.............................................................4

Physical Controls....................................................................................4

Human Resource Controls......................................................................5

Conclusion.....................................................................................................................6

Works Cited...................................................................................................................7

ILLUSTRATIONS

Illustration 1..................................................................................................................2

Illustration 2..................................................................................................................3

Illustration 3..................................................................................................................4

Illustration 4..................................................................................................................5

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