Monitoring: An Integral Component of Internal Control

In response to the increased emphasis placed on internal controls, not-for-profit organizations have been working diligently to document and improve their internal control systems. Although, for many, this has taken a great deal of time - the investment is well worth the effort for a number of reasons. Most notably, good internal control is good business. It helps organizations ensure that operating, financial and compliance objectives are met. The consequences of not meeting these core objectiv...

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