Biotech Healthcare Interview Questions and Answers

Internal controls are procedures and policies implemented by an organization to ensure the integrity of financial and accounting information.

• Identify and assess risks

• Develop policies and procedures

• Implement controls

• Monitor and review controls

• Examples of internal controls include segregation of duties, access controls, and regular audits

Internal controls can be managed by establishing policies and procedures, segregating duties, monitoring activities, and conducting regular audits.

• Establish clear policies and procedures for financial transactions

• Segregate duties to prevent fraud and errors

• Monitor activities regularly to ensure compliance with policies and procedures

• Conduct regular audits to identify weaknesses and improve controls

• Train employees on in...read more