Page 11 - PowerPoint Presentation

GENERAL PRINCILES OF AUDITING

Components of Internal Control (Continued…)

Monitoring of controls

• Assessment of controls implemented over time

• Are objectives being met?

• Assessment should be performed at all level

(directors, management and departmental

heads)

• NB: Independent Assessment from Internal

Audit, External Audit, Customers etc.

• Remedial action and continuous improvement is

very key.

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