One of the most prominent contributors to our economy, but also one of the riskiest, is the manufacturing sector. The products these companies make are often highly perishable, and there are many moving parts in the manufacturing process. As a result, manufacturers face various operational risks daily, whether monetary, production-related, or both. There are different…
Tag: Internal control financial reports
A brief intro on Internal Controls for Financial Reporting
Internal controls are crucial to the success of any business and even more critical when it comes to financial reporting, which deals with an organization’s assets & finance. Internal Controls for Financial Reporting serve as the primary source of information to make decisions about everything from expenditures to investments to hiring. If you are new to…