Archived
This content is available here strictly for research, reference, and/or recordkeeping and as such it may not be fully accessible. If you work or study at University of Kentucky and would like to request an accessible version, please use the SensusAccess Document Converter.
Date Available
8-11-2022
Year of Publication
2021
Document Type
Graduate Capstone Project
Degree Name
Master of Public Financial Management
College
Martin School of Public Policy and Administration
Faculty
Dr. Merl Hackbart
Abstract
Internal controls involve every process that assess or mitigates risks within an organization. From an organizational level, internal control objectives relate to the reliability of financial reporting, measurements on the status of achieving operational or strategic goals, and compliance with laws and regulations. Over the years internal controls have gained the misconception of being merely an accounting or auditing function. However, poor or lapsed internal controls can have devastating effects on an organization. Conversely, an organization that places heavy emphasis on internal controls and leads with an ethical culture are more likely to be successful in meeting their organization’s mission and goals. Public organizations are not exempt from internal controls and can implement regardless of size or service level. This project addresses the importance and impact of internal controls on a public organization
Recommended Citation
Stephens, Brian, "Analysis: Internal Controls Impact on the Mitigation of Risk and Fraud in Public Finance" (2021). MPA/MPP/MPFM Capstone Projects. 377.
https://uknowledge.uky.edu/mpampp_etds/377
