Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations, and policies. It is a means by which an organization's resources are directed, monitored, and measured. It plays an important role in detecting and preventing fraud and protecting the organization's resources, both physical and intangible.
HLB Mongolia can assess your internal control systems to determine whether appropriate controls are in place regarding efficiency and effectiveness of your operation. Then we make recommendations that can assist your company to operate more productive ways, correcting any inefficient or ineffective operating procedures.