Financial Crime Academy Blog

Internal controls come with costs and benefits, and this article elaborates on ‘Benefits and Costs of Internal Controls’.

This article is made as a detailed explanation and elaboration on ‘Key Considerations In Developing Internal Controls’.

The activity-level controls. An organization consists of various departments and each department comprises of various sub-departments or units.

Entity-level controls are high-level controls designed and implemented by the management. Endorsed by the board of directors of the organization.