Internal controls include the policies and procedures a company implements to protect against theft of assets,to promote efficiency,and to ensure compliance with laws and regulations.

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Internal controls are procedures implemented by a company to safeguard its assets, ensure the accuracy of its financial records, and promote ethical behavior among its employees. These controls can include security measures, such as limited access to cash drawers or company files, as well as checks and balances to verify the accuracy of financial transactions. Internal controls also help companies prevent losses due to fraud or theft, minimize errors, and comply with legal and regulatory requirements.

Internal Controls Include the Policies and Procedures a Company Implements