Distinguish between Internal check and Internal control

Auditing and Assurance Revision Questions and Answers

Internal check is a check on day-to-day transactions which operate continuously as part of the routine system wherethe work of one person is proved independently or is complementary to the work of another, the object being the prevention or early detection of errors or fraud. Internal check is a part of the overall internal control system and operates as built-in device as far as the staff organization and job allocation aspects of the control system are concerned.
The internal control is a plan of an organization and all the methods and procedures adopted the management of an entity to assist in achieving management’s objective of ensuring, as far as practicable, the orderly and efficient conduct of its business, including adherence to management policies, the safeguarding of assets, prevention and detection of fraud and error, the accuracy and completeness of the accounting records and the timely preparation of reliable financial information.

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