(We at PATC do not conduct Audits on Annual Financial Statements as governed by IRBA however, we regularly advise, guide and make recommendations and or take on forensic work…) Risks & Materiality – Materiality is a fundamental concept in auditing. It means that misstatement, including omissions, are considered to be material if they, individually or…
Author: Pinky Ndaba
INTERNAL CONTROL PROCEDURES
Internal Control Definition – Internal controls are systems and procedures designed to ensure that all employees perform their duties ethically, honestly and to ensure the continued reliability of the accounting system.