CHAPTER ONE

1.0              INTRODUCTION

  Internal Control, for its vital role in Accounting has been view and elaborately examined from various standpoints. Authors of Universally acclaimed academic reputation have made their own contributions; International accounting bodies are not left out in this regard. In all their contributions, a common idea comes to bear that Internal Control System “are aimed mainly at improving accountability for actions, the accuracy and liability of records, the safeguarding of assets and the overall efficiency of operations.

       The primary aim why auditors make use of computer in carrying out auditing task is to ensure accuracy and efficiency of computer revolution inited by the internet and world wide web. Auditor does now operate in a highly competitive and changing global auditing environment.

       According to Mull champ who adopted  the standard definition, internal control is the whole system of the  enterprises, in an orderly and efficient manner. The common point in the definition that worth nothing are:

Internal control system assists management in running one company’s business in orderly and organized manner.

 Internal control gives a broad meaning extending beyond the accounting and financial applications. As mentioned earlier, the  definition is remarkably close in describing the meaning of internal control. It is however, to promote operational efficiency dynamism and creation role in the control of the business structure.

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