Supplement - Accountability for Work Done

Question 1

What is the Concept of Accountability?

Answer 1

it’s to have the work of one person checked by a second person who is not directly involved

Question 2

What is Internal Control?

Answer 2

it’s another name for “Concept of Accountability”

Question 3

What does Internal Control do?

Answer 3

it will reassure company management and auditors that the process is adequate