What is it and how do you go about it?
Internal control is a key element in achieving the objectives of the management set-up in the organization. It is generally believed that the internal control is the internal framework, and an employee handbook, but it's so much more to it!
If a company wants to create good internal management and control, it is usually necessary to work through all levels of the business from the board down to the floor. The important thing is not that there are routines for all tasks, but it is about finding an adequate level, which the organization can live by and which is in line with the company's values and the rules to which the business is subject.
We at Apriori help both large and small companies to develop internal rules and procedures and ensure that the regulations are adapted to the business.
IDENTIFICATION
The basis of the effective system of internal control is the management and the board of directors to understand the business well, and are able to identify the needs of the rules of the organization.
NOTIFY
It's important to regularly communicate about the new rules and procedures in order to ensure employees are aware of their responsibilities.
CHECK
The controls are, finally, in order to ensure that the company's products and services are of the right quality, and in compliance with the rules that apply to our business
REPORT
Of course, it is required that the board of directors and management team to follow up the work so that the business evolves in the direction that it is supposed to be.