Internal Controls:Internal controls are the policies, procedures, and processes implemented by an organization to ensure the reliability of financial reporting, the effectiveness and efficiency of operations, and compliance with applicable laws and regulations.
Risk Management:Risk management is the process of identifying, assessing, and controlling potential risks within an organization to minimize their impact and ensure compliance with relevant laws, regulations, and standards.
Governance:Governance refers to the system of rules, practices, and processes by which an organization is directed and controlled, ensuring accountability, transparency, and compliance with applicable laws and regulations.