英语翻译WhatInternalControlCanDoInternalcontrolcanhelpanentityachieveitsperformanceandprofitabilitytargets,andpreventlossofresources.Itcanhelpensurereliablefinancialreporting.Anditcanhelpensurethattheenterprisecom

　　英语翻译

　　WhatInternalControlCanDo

　　Internalcontrolcanhelpanentityachieveitsperformanceandprofitabilitytargets,andpreventlossofresources.Itcanhelpensurereliablefinancialreporting.Anditcanhelpensurethattheenterprisecomplieswithlawsandregulations,avoidingdamagetoitsreputationandotherconsequences.Insum,itcanhelpanentitygettowhereitwantstogo,andavoidpitfallsandsurprisesalongtheway.

　　WhatInternalControlCannotDo

　　Unfortunately,somepeoplehavegreater,andunrealistic,expectations.Theylookforabsolutes,believingthat:

　　•Internalcontrolcanensureanentity'ssuccess--thatis,itwillensureachievementofbasicbusinessobjectivesorwill,attheleast,ensuresurvival.

　　Eveneffectiveinternalcontrolcanonlyhelpanentityachievetheseobjectives.Itcanprovidemanagementinformationabouttheentity'sprogress,orlackofit,towardtheirachievement.Butinternalcontrolcannotchangeaninherentlypoormanagerintoagoodone.And,shiftsingovernmentpolicyorprograms,competitors'actionsoreconomicconditionscanbebeyondmanagement'scontrol.Internalcontrolcannotensuresuccess,orevensurvival.

　　•Internalcontrolcanensurethereliabilityoffinancialreportingandcompliancewithlawsandregulations.

　　Thisbeliefisalsounwarranted.Aninternalcontrolsystem,nomatterhowwellconceivedandoperated,canprovideonlyreasonable--notabsolute--assurancetomanagementandtheboardregardingachievementofanentity'sobjectives.Thelikelihoodofachievementisaffectedbylimitationsinherentinallinternalcontrolsystems.Theseincludetherealitiesthatjudgmentsindecision-makingcanbefaulty,andthatbreakdownscanoccurbecauseofsimpleerrorormistake.Additionally,controlscanbecircumventedbythecollusionoftwoormorepeople,andmanagementhastheabilitytooverridethesystem.Anotherlimitingfactoristhatthedesignofaninternalcontrolsystemmustreflectthefactthatthereareresourceconstraints,andthebenefitsofcontrolsmustbeconsideredrelativetotheircosts.

　　Thus,whileinternalcontrolcanhelpanentityachieveitsobjectives,itisnotapanacea.