What do we mean by the Internal Control
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Support for Strategy
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Public administration environment
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Practical approach
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Auditors' point of view
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Internal Control definitions
A process, effected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance
COSO
An integral part of an organization’s governance system and ability to manage risk, which is understood, effected, and actively monitored by the governing body, management, and other personnel to take advantage of the opportunities and to counter the threats to achieving the organization’s objectives
IFAC