Can Anyone Explain Different Objectives Of Internal Control Check?


2 Answers

Amen Bukhari Profile
Amen Bukhari answered
The purpose of internal check is to prevent frauds. The management can achieve this objective through distribution of duties. One employee is allowed to perform one part of the task. The other parts are completed by other. In this way he work is completed by many hands. The purpose of internal check is to protect the assets.

The management can take steps to safe guard the resources. The records are maintained by one person. The custody is given to another officer. The purchase and disposal is made by top level management. The assets are used for business purpose. The periodical inspection is necessary to avoid misuse of resources.

The purpose of internal check is to prevent errors. The management can devise such a system of internal check that mistakes are prevented altogether. If there is negligence on the part of one employee, it is pointed out by another employee who can check the work of first person. The purpose of internal check is to fix the responsibility of employees. The division of duties helps the management to locate the inefficient employees. The pending work provides chances of errors and frauds. The management can replace employees who are negligence of their duties.
brighton chuma Profile
brighton chuma answered
The main objective of internal check is to prevent the frauds and fun mismanagement.under this system the work of one employee is automatically checked by another worker.the management can protect the resources since the records are maintained by one person and the custady is by another person.however the purpose of internal control is to detect errors that have been already commited and to give advice to the management on how best to manage the affairs of the business
thanked the writer.
brighton chuma
brighton chuma commented
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