In accounting and organization aspect, Internal control is performed as a process effected by an organization's structure, policies, processes, authority flows, people and management information system, designed to help the organization accomplish specific goals or objectives. It is a means by which an organization's resources are planned, directed, monitored, and measured. It plays an important role in preventing and detecting fraud and protecting the organization's resources, both physical (e.g., machinery, property, cash and inventory) and intangible (e.g., reputation or intellectual property such as trademarks).

At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of strategic goals, operational, reliable financial reporting and compliance with laws. At the specific transaction level, internal control refers to the actions taken to achieve a specific objective (e.g., how to ensure the organization's payments to third parties are for valid services rendered.) Internal control procedures reduce process variation, leading to more predictable outcomes.

Internal control is a key element of the Foreign Corrupt Practices Act (FCPA) of 1977 and the Sarbanes-Oxley Act of 2002, which required improvements in internal control in United States public corporations. Internal controls within business entities are called also business controls.

Business Process Improvement

Business must continuously improve and re-engineer their process and sustain that enhancement in a rapidly changing business environment. The business advisory professionals of CRM bring experience of working with different organization to assist you deliver measurable and sustainable improvement in the performance of your business.

Business Process Improvement (BPI) is a systematic approach to help any organization optimize its underlying processes to achieve more efficient results.

It should be noted that BPI focuses on "doing things right" more than it does on "doing the right thing". In essence, BPI attempts to reduce variation and/or wastage in processes, so that the desired outcome can be achieved with better utilization of resources.

Business process reengineering (BPR) is, in management, an approach aiming at improvements by means of elevating efficiency and effectiveness of the business policies and process that exist within and across organizations. The key to BPR is for organizations to look at their business processes from a "clean slate" perspective and determine how they can best construct these processes to improve how they conduct business.

Business process reengineering is also known as BPR, Business Process Redesign, Business Transformation, or Business Process Change Management.