Comprises the complete set of control measures to ensure achievement of the (strategic) objectives set by the organisation, within the defined preconditions such as cost levels, and observance of the agreements in effect and the valid procedures (compliance). The internal control set-up comprises: (a) the internal control system itself: what control measures are in place to manage the organisation as a whole? (b) the content of the control system: the quality of the various control measures that are intended to guarantee that objectives and standards are achieved.
Internal control set-up
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