Internal Controls and Improvement
If the internal control system is implemented only to prevent fraud and comply with laws and regulations, then an important opportunity is missed. The same internal controls can also be used to systematically improve businesses, particularly in regard to effectiveness and efficiency.
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Famous quotes containing the words internal, controls and/or improvement:
“A State, in idea, is the opposite of a Church. A State regards classes, and not individuals; and it estimates classes, not by internal merit, but external accidents, as property, birth, etc. But a church does the reverse of this, and disregards all external accidents, and looks at men as individual persons, allowing no gradations of ranks, but such as greater or less wisdom, learning, and holiness ought to confer. A Church is, therefore, in idea, the only pure democracy.”
—Samuel Taylor Coleridge (1772–1834)
“Who controls the past controls the future: who controls the present controls the past.”
—George Orwell (1903–1950)
“Unlike the normal pattern, I know I have grown more liberal as I’ve grown older. I have become more convinced that there is room for improvement in the world.”
—Walter Wellesley (Red)