Report on Compliance and Internal Control

A Report on Compliance and Internal Control is a formal document that shows how well an organization follows laws, regulations, and internal policies. It also details the effectiveness of the systems and processes in place to prevent errors, fraud, or misuse of resources. This report helps stakeholders understand whether the organization is operating responsibly and managing risks properly. It typically includes assessments by management and independent auditors, highlighting strengths and areas needing improvement to ensure transparency and accountability.