會(huì)計(jì)專(zhuān)業(yè)外文翻譯---內(nèi)部控制透視：理論與概念-會(huì)計(jì)審計(jì)(參考版)
2025-01-23 07:11本頁(yè)面
【正文】 s internal control should not exceed the benefits that are expected to be derived. Although the costbenefit relationship is a primary criterion that should be considered in designing internal control, the precise measurement of costs and be nefits usually is not possible. Custom, culture, and the corporate governance system may inhibit fraud, but they are not absolute deterrents. An effective control environment, too, may help reduce the risk of fraud. For example, an effective board of directors, audit mittee, and internal audit function may constrain improper conduct by management. Alternatively, the control environment may reduce the effectiveness of other ponents. For example, when the nature of management incentives increases the risk of material misstatement of financial statements, the effectiveness of control activities may be reduced. 9. Balancing Risk and Control Risk is the probability that an event or action will adversely affect the anization. The primary categories of risk are errors, omissions, delay and fraud In order to achieve goals and objectives, management needs to effectively balance risks and controls. Therefore, control procedures need to be developed so that they decrease risk to a level where management can accept the exposure to that risk. By performing this balancing act reasonable assurance” can be attained. As it relates to financial and pliance goals, being out of balance can cause the following problems: Excessive controls Excessive controls Loss of assets, donor or grants Increased bureaucracy Poor business decisions Reduced productivity nonpliance Increased plexity Increased regulations Increased cycle time Public scandals Increased of novalue activities In order to achieve a balance between risk and controls, internal controls should be proactive, valueadded, and costeffective and address exposure to risk. 11. Conclusion The concept of internal control and its aspects in any anization is so important, therefore understanding the ponents and standards of internal controls should be attend by 10 management. Internal Control is a major part of managing an anization. Internal control is an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error. According to custom definition, Internal Control is a process affected by an entity39。s Internal Control Internal control, no matter how well designed and operated, can provide only reasonable assurance of achieving an entity39。s resources. Internal auditors identify control problems and develop solutions for improving and strengthening internal controls. Internal auditors are concerned with the entire range of an anization39。s internal auditors and their external auditors. 8 Internal auditors39。s annual financial report to the shareholders a statement indicating that management has established a system of internal control that management believes is effective. The statement may also provide specific details about the anization39。s involvement in the internal control system. If internal control is not a priority for management, then it will not be one for people within the anization either. As an indication of management39。s people are an integral part of internal control, certain parties merit special mention. These include man
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