ialcontrols,and.OthercontrolsAccordingtotheinstituteofcharteredaccountantsofIndiainternalcontrolistheplanoforganizationandallthemethodsandproceduresadoptedbythemanagementofanentitytoassistinachievingmanagementobjectiveofensuringasfaraspossibletheorderlyandefficientconductofitsbusinessincludingadherencetomanagementpolicies,thesafeguardingofassetspreventionanddetectionoffraudsanderrortheaccuracyandcompletenessoftheaccountingrecordsandtimelypreparationofreliablefinancialinformation,thesystemofinternalcontrolextendsbeyondthosematterswhichrelatetothefunctionofaccountingsystem.Inotherwordsinternalcontrolsystemofcontrolslaydownbythemanagementforthesmoothrunningofthebusinessfortheaccomplishmentofitsobjects.Thesecontrolscanbedividedintwopartsi.e.financialcontrolandothercontrols.Financialcontrols:-Controlsforre对控制环境放在更大重要性,对内部控制重点已经从政策和程序,以压倒一切理念和经营作风在组织内。