The Association of Certified Fraud Examiners (ACFE) reports that the primary factor contributing to fraud is the lack of internal controls, including the override of existing controls Internal control procedures are important in every business. At what stage in the development of a business do internal control procedures become especially critical? Why should the responsibility for related transactions be divided among different departments or individuals? Why should the person who keeps the records of an asset not be the person responsible for its custody? What are the limitations of internal controls? What do you view as the minimum internal controls for a company? Search entries or author Unread