An effective financial management process is dependent on a number of factors. crucial is the establishment of a sound system of internal control to minimise risk and maximise effectiveness. outline your understanding of internal control and why it is important to have a system in place as part of the financial management process. what are the key areas that need to be considered when implementing internal controls? give an example of three (3) key controls that will assist in achieving these objectives

Internal control area: it is responsible to stablish monitoring process in all the areas of the organization that prevent unlawful practices that are not in compliance with the regulations, laws or any external norm applicable to the company.

Key areas:  below find 3 areas as subjects important to control and 3 areas as departments within the company

Key controls:

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )