The Weakest Link
Let’s say you have all policies outlined and procedures carefully designed. Everything is properly documented and bound into books and manuals, which are readily available for orientation, training, and daily reference. Through an intensive internal audit program, all components have been examined; everything has been tested in practice. Whatever did not work well has been tweaked, cumbersome procedures were replaced with more straightforward ones, and the inferior ones have been improved.
Finally, it has been determined that the internal control system is both effective and efficient in accomplishing the company’s goals and ...
Get CFO Techniques: A Hands-On Guide to Keeping Your Business Solvent and Successful now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
