Internal Control Policy

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Screenshot of the first page of Internal Control Policy

This policy was prepared to provide a framework for effective and essential internal accounting controls throughout a corporation. It outlines responsibilities and procedures for establishing an internal control environment that meets corporate financial reporting needs and fulfills management’s fiduciary responsibilities towards shareholders.

According to this sample, the objectives of a system of internal accounting control are to provide the management with reasonable assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management’s authorization and recorded properly.

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