Why Do We Have an Internal Controls Program?
![Why Do We Have an Internal Controls Program](https://budget.uic.edu/wp-content/uploads/sites/828/2022/03/policy_guidelines-1090x595.jpg)
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Strong internal controls provide reasonable assurance that:
- Information is reliable, accurate, and timely
- Policies, plans, procedures, laws, regulations, and contracts are followed
- Assets (including people) are safeguarded
- Resources are used in an economical/efficient manner
- Established objectives and goals are met