The Importance of Internal Controls for Government Contractors

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Effective Internal controls are essential to the success of any organization. This is especially true for government contractors who operate in one of the most regulated industries in the world. No organization of any size can ensure compliance with their own policies much less comply with the myriad of government rules and regulations without an effective suite of internal controls specifically designed for their operating environment. For example, it is virtually impossible to maintain adequate accounting, purchasing and property systems without effective internal controls. Internal controls also play a significant role in preventing and, if necessary, …read more

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