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Explain the concept of Internal Check

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 Internal Check is a method of organizing the accounts system of a business concern or a factory where the duties of different clerks are arranged in such a way that the work of one person is automatically checked by another and thus the possibility of fraud or error or irregularity is minimized unless there is a collusion between the clerks.


F.R.M De Paula defines internal check as " Internal check means practically a continuous internal audit carried on by the staff by means of which the work of each individual is independently checked by other members of the staff"




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