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Internal Controls
Internal Controls
The U.S. control prong helps establish and maintain strong internal controls to safeguard a company’s assets, ensure accuracy in financial reporting, and promote operational efficiency. This involves designing and implementing processes to prevent fraud, errors, and mismanagement, such as segregation of duties, authorization protocols, and regular financial reconciliations. Effective internal controls not only protect the business from risks but also ensure compliance with U.S. regulatory requirements.
With strong internal controls in place, businesses can mitigate financial risks, maintain trust with stakeholders, and ensure smooth and secure operations.
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