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.
Read more about this topic: Internal Control
Famous quotes containing the words internal, controls and/or improvement:
“Even if fathers are more benignly helpful, and even if they spend time with us teaching us what they know, rarely do they tell us what they feel. They stand apart emotionally: strong perhaps, maybe caring in a nonverbal, implicit way; but their internal world remains mysterious, unseen, “What are they really like?” we ask ourselves. “What do they feel about us, about the world, about themselves?””
—Augustus Y. Napier (20th century)
“If the Party could thrust its hand into the past and say of this or that event, it never happened—that, surely, was more terrifying than mere torture and death. ... “Who controls the past,” ran the Party slogan,”controls the future: who controls the present controls the past.””
—George Orwell (1903–1950)
“We are accustomed to say, that the mass of men are unprepared; but improvement is slow, because the few are not materially wiser or better than the many.”
—Henry David Thoreau (1817–1862)