Internal control compliance is put in place to mitigate the risks to give the organization a better chance at achieving its objectives. Well designed internal controls keep the organization operating efficiently and effectively and the controls can help maintain compliance with regulations.

There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.

There are several internal control mechanisms that need to be in place to detect, prevent, and correct compliance issues:
• Published Standards and Policies.
• Documented Procedures.
• Training.
• Monitoring.
• Internal audit