What is the importance of the internal control system for the auditor? What are the elements of the internal control system, just list it? Briefly explain the control activities.

Auditor is the one who cross check with all the documents of the company with real scenario. So the process of internal control will help auditor to get true documents and information about the company. Internal control involves lots of process like risk assessment and control activities. Thses elements will help the auditor in his auditing process.

Elements of internal control

- Control Environment.

- Risk Assessment.

- Control Activities

- Information and Communication .

- Monitoring  

Control Activities

Control activities is the process of taking necessary control in the business using various accounting tools , information technology . It is the process of setting control systems and operating it properly for the smooth running of the company.