Internal control is the corrector and operational track of process management. The implementation of internal control requires a company to have relatively complete operational processes and operation manuals. During actual audits and inspections, judgments can be made based on the company's operational processes and manuals regarding discrepancies between actual performance and expectations or pre-defined standards. It can also identify redundancies and non-value-adding parts in process operations and standardize them.
Internal control is an indispensable part of a company’s internal management. In fact, internal control forms the foundation and cornerstone of internal management work within a company. All operational and management processes must fall within the scope of internal control standards.
Internal control helps achieve primary ideas and optimal corporate goals. During the design of internal control standards by Daoqin Consulting, attention should be paid to the company's shareholders and strategic goals. Besides basic control measures, internal control standards in areas such as strategic management can help companies effectively achieve their strategic objectives.
Internal control helps protect a company's assets, information, and technology. Many principles in internal control can assist companies in safeguarding the security of assets, information, and technology. For instance, good review and verification procedures, regular reporting and recording processes, and permission management can all help companies maintain the integrity of their assets, information, and technology.