You have been appointed as an Internal Auditor in an organisation . As part of your duties, you are required to provide training to the staff in the internal audit division. Your first lecture will address the internal control system in an organisation . You are required to:

a) Describe the concept of internal control

b) Describe the following elements of a sound system of internal control system

(i) Control environment

(ii) Accounting System

(iii) Control Procedures