What does the internal control system include?

The establishment of internal control system includes: separation of responsibilities, authorization and approval, mutual restriction, supervision and inspection, and five principles that enterprises should follow in establishing and implementing internal control system: comprehensive principle; Principle of importance; Principle of checks and balances; Principle of adaptability; Cost-effectiveness principle.

Extended data:

The internal control system of an enterprise should run through all stages and levels of decision-making, implementation and supervision of the enterprise's business activities, covering the whole process of managing the activities of every manager of the enterprise, and embodying the characteristics of comprehensive, all-staff and whole-process control of internal control.

The internal control system is a self-discipline system to check, restrain and adjust internal business activities in order to reasonably ensure the efficiency of business activities, the reliability of financial reports and the compliance of laws and regulations.

References:

Baidu Encyclopedia-Internal Control System