Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Protecting your group's financial assets.

D J Cooke

    Medical Group Management Journal
    |April 8, 1993
    PubMed
    Summary
    This summary is machine-generated.

    Internal controls are crucial risk management processes that minimize fund misappropriation and ensure accurate recordkeeping. Implementing these accounting procedures is essential for organizational financial health and integrity.

    Related Concept Videos

    You might also read

    Related Articles

    Articles linked to this work by shared authors, journal, and citation graph.

    Sort by
    Same author

    Use of cimetidine.

    Canadian family physician Medecin de famille canadien·2011
    Same author

    Binding of ethanol on calcite: the role of the OH bond and its relevance to biomineralization.

    Langmuir : the ACS journal of surfaces and colloids·2010
    Same author

    Interaction of ethanol and water with the {1014} surface of calcite.

    Langmuir : the ACS journal of surfaces and colloids·2010
    Same author

    Psychopathy and ethnicity: structural, item, and test generalizability of the Psychopathy Checklist--Revised (PCL-R) in Caucasian and African American Participants.

    Psychological assessment·2002
    Same author

    Refining the construct of psychopathy: towards a hierarchical model.

    Psychological assessment·2001
    Same author

    The childhood experiences of psychopaths: a retrospective study of familial and societal factors.

    Journal of personality disorders·1999
    Same journal

    Financial ratios and group practice operations.

    Medical group management journal·2002
    Same journal

    Developing a Web site for your practice, Part 2.

    Medical group management journal·2002
    Same journal

    Ten misconceptions physicians have about marketing.

    Medical group management journal·2002
    Same journal

    Defined contribution health plans--coming to a payer near you?

    Medical group management journal·2002
    Same journal

    Achieving open access: the road to improved service & satisfaction.

    Medical group management journal·2002
    Same journal

    Two "senior citizen" headhunters provide counsel to recruiters.

    Medical group management journal·2002
    See all related articles

    Area of Science:

    • Accounting
    • Risk Management
    • Auditing

    Background:

    • Organizations frequently overlook internal controls as a key component of risk management.
    • Internal controls are processes designed to minimize the risk of fund misappropriation.
    • Accurate recordkeeping is a primary objective of effective internal control systems.

    Purpose of the Study:

    • To highlight the importance of internal controls in risk management.
    • To provide guidance on implementing internal control processes.
    • To educate on minimizing financial risks through proper controls.

    Main Methods:

    • Explanation of internal control concepts.
    • Discussion of risk mitigation strategies.
    • Guidance on establishing control procedures.

    Related Experiment Videos

    Main Results:

    • Internal controls are vital for preventing financial fraud.
    • Effective controls ensure the accuracy and reliability of financial records.
    • Implementation of controls strengthens overall organizational governance.

    Conclusions:

    • Internal controls are an indispensable element of comprehensive risk management.
    • Accountants play a critical role in designing and implementing internal controls.
    • Proactive implementation of internal controls safeguards organizational assets and reputation.