Internal control is a process consisting of ongoing tasks and activities. It is a means to an end, not an end in itself.

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Internal control is a continuous process that helps organizations achieve their objectives effectively and efficiently. It is not a one-time activity, but an ongoing process that requires regular monitoring and evaluation. The ultimate goal of internal control is to ensure the reliability of financial reporting, compliance with laws and regulations, and the safeguarding of assets.

Internal Control Is a Process Consisting of Ongoing Tasks and Activities