Internal control consists of measures to provide management assurance that operations are functioning properly, according to the definition. It includes internal checks, internal audits, and safety measures. The document then lists examples of internal control like locking doors and reviewing bills. It outlines types of internal controls like procedural and regulatory controls. Principles of internal control are mentioned such as maintaining secrecy, clear job duties, and rotating duties to ensure work is properly checked and the company remains secure.

2. Sparkle Group

3. Internal control

4. Definition
According to MEIGS
“Internal control consist of all
measures taken to provide
management with assurance
that everything is functioning as
it should”

5. Internal control includes
1.Internal
check

6. 2.INTERNAL AUDIT

7. 3.SAFETY
MEASURES

9. WANT SOME EXAMPLES

10. Think about what YOU
do?
•You lock home and your vehicle.
•You keep your ATM/debit card pin number
separate from your card.
•You review bills and credit card statements
before paying them.
•You expect your children to ask permission
before they can do certain things.

11. Examples of INTERNAL CONTROL
Procedural control

12. STATIC CONTROL

13. REGULATORY CONTROL

14. Who is
Responsible
for internal
Control?

15. Principles of internal
control

16. Nocomplete CONFIDENCE

17. SECRECY:
No leak out the secrecy of business.

18. Division of work

19. Instruction in writing:
By follow this point, company will get best
result.

21. RECEIPT BOOK: It must be printed and
should have a CARBON COPY.

22. CLEAR CUT DUTIES:
Only one job must be given to one person and will give
best result.

23. INTERNAL CHECK:
There must be a system by which the work
done by one person is automatically
checked by another person.

24. ROTATION OF DUTIES:
No clerk remain on one job for long time.

27. And if you follow these points,
then it will give best result, like
this TREE because its roots are
strong.(company stand like a tree)

28. q