Internal controls are policies and procedures companies put in place to help safeguard their assets and prevent misstatements in their financial reports. Some examples of internal controls are: Separation (or segregation) of duties Establishment of responsibility Access controls Documentation Trail balance Reconciling Conduct independent reviews on a regular basis Approval authority. Discussion Choose at least 2 of these controls and give a specific example of how you've seen it at work at a place of business or how it could work in theory Provide an example of what could go wrong if these controls were not in place. Share a way in which QuickBooks Online can help you implement the chosen controls in a company