Internal controls play a critical role in helping a company achieve its core mission. They do so not only by ensuring the reliability of financial statements, but by helping companies minimize surprises and leverage opportunities as the business develops.
But as business complexity increases, so must the controls that track the flow of information, material, labor, and capital throughout the organization. That’s because each of those elements are increasingly shared among partners, contractors, the supply chain, and other parties that help the company achieve its objectives.
