Question

Role of internal control in corporate governance

Answer 1

Internal corporate governance controls(internal controls) play a vital role in ensuring the success of a business organization and preventing corporate fraud. Internal controlactivities that ensure proper corporate governance include: Monitoring by board. Internal audits and robust policies.


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Answer 2

Internal corporate governance controls (internal controls) play a vital role in ensuring the success of a business organization and preventing corporate fraud. Internal control activities that ensure proper corporate governance include: ... Internal audits and robust policies. Proper balance of power.