Only ethical management, sensible governance and adequate internal control systems will save the system from disaster.
12.
The audit found that the fund's internal control system " appears to be adequate and effective ."
13.
In 2004, they installed a new air conditioning system, internal control systems, and a new parking lot.
14.
Within those two years, she introduced computerized accounting systems, and established and monitored the company s internal control system.
15.
Chiang, the Lee and Li partner, said the firm has an internal control system, which he declined to describe.
16.
Instead, Ludwig urged banks to " strengthen " the way they use internal control systems to manage their risks.
17.
This framework has become the de facto standard in the accounting industry for auditing, evaluating and monitoring internal control systems.
18.
The GAO is charged with auditing the federal government for Congress and is another tier in the internal controls system.
19.
"' Monitoring "': Internal control systems need to be monitored a process that assesses the quality of the system's performance over time.
20.
This report presented a common definition of internal control and provided a framework against which internal control systems may be assessed and improved.
