Internal control in forestry

Abstract

Internal control is defined as a process, effected by the entity’s management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: Effectiveness and effi ciency of operations; Reliability of financial reporting; and Compliance with applicable laws and regulations. A critical part of the success of the internal control process is the following fi ve components: control environment, risk assessment, control activities, information and communication and monitoring.