Description

The regulatory authorities increased their interest in the internal financial control of the establishments with their accounting and financial elements and the control of operations to verify their compliance with the relevant regulations and laws. This interest has increased over time, as evidenced by the promulgation of several laws and standards in the United States and the United Kingdom, as well as several laws requiring institutions to have effective internal control systems for accounting, financial and operational control. Which has changed the traditional view of internal control and its evolution into the modern concept of international standards.