Internal Control -- More than the Annual Audit

To lessen the risk of fraud, public entities need more than an annual audit. They need to design and implement internal controls to prevent and detect fraud.

Every public employee plays a role in the internal control process. Discussions about internal controls should take place at all levels to emphasize the importance that the public entity places on fraud prevention, and to help employees understand their role in the process.

For more information, see our Statement of Position on The Importance of Internal Controls.

Date this Avoiding Pitfall was most recently published: 2/3/2023