A Study of Evaluating the Internal Controls within Accounting Firms
Internal controlling factors mainly include factors like environmental or cultural factors, risk assessment, information and technology, controlling activities and monitoring of the firm process. This internal controlling factor works for enhancing the accounting performance of a business organization. Hence, this study aims to evaluate the role of internal controlling factors on an accounting firm. This study highlighted those internal factors of an accounting firm are improve the accountability, work structure and operational efficiency of an accounting firm. This study similarly includes ‘Theory of systems’ for analyzing the role of internal factors. This study concluded that with the help of cloud computing software and intelligent automated accounting systems a firm can effectively manage the accounting process.