Budget & Finance

Internal Controls exist to benefit an organization. Defined, they are guidelines and procedures—a process, to be exact—put in place by an organization to ensure that its goals and objectives can be met. Internal Controls are the steps an organization takes to make sure assets are safeguarded against waste, fraud, and abuse; records are accurate; and applicable laws and regulations are complied with. Internal controls also strengthen the management practices that govern administrative, fiscal, and programmatic activities.