Think about the internal controls of a business. Why are they important? Why are they there? What are some issues that can prevent businesses from having internal controls?

think about the internal controls of a business. Why are they important? Why are they there? What are some issues that can prevent businesses from having internal controls? Also, when you are thinking about the external user, don’t forget to look at this from your perspective. Have you ever been an external user of the financial statements? What did you focus on with the financials and want to see? What were some issues that you faced?