Critical Analysis on the Necessity and Techniques Used in Internal Control in Accounting Operations

Abstract

The study’s main objectives are to evaluate the necessity of internal control processes and assess the tools and methods used in internal control processes. We used the practitioners polices, procedures, tools and techniques to have better internal control. The size of the business also plays a significant role in the effectiveness of internal control techniques. The cost should be less than the benefits (efficiency, effectiveness and customer satisfaction) for the organization. Before implementing any techniques, any organization needs to conduct a self-induced investigation, testing, and preliminary experiments.