meaning of efrs and internal controls.. please don't write if u don't know.
Answers
Answer:What is the meaning of internal control?
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
Definition. EFRS. European Federation of Radiographer Societies (est.
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Explanation:
Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. Besides complying with laws and regulations and preventing employees from stealing assets or committing fraud, internal controls can help improve operational efficiency by improving the accuracy .
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