Volkswagen Internal Control Analysis

710 Words 3 Pages
Register to read the introduction… Internal control consists of all the related methods and measures adopted within an organization to safeguard it assets, enhance the reliability of its accounting records, increase efficiency operations, and ensure compliance with laws and regulations (Accounting principles, 2009). Management of Volkswagen mainly accomplishes this by providing risk assessment reports and constructing reports on both business assessments and expected developments. What I mean by this is the company looks at the market in general and determines what the supply and demand is in a particular region. Another way companies might have control the environment is through monitoring of internal control systems. In essence, any irregularities are reported to the board of directors and are investigated by local

Related Documents