Leadership confronts you, as a controller, and questions the need for an internal control system.
Write a report of no more than 700 words, justifying the need for the system when controls are in place with insurance and portfolio approaches.
Explain why current approaches are valid but why an internal system will be more beneficial.
The main responsibilities of the controller is to analyze the company’s performance and reporting and aid managers in budgets and plans development (McCarthy, Flynn, & Brownstein, 2004). The controller is also responsible for analyzing and managing risks that the business ma