Internal Check: Internal check, also known as internal control, refers to the system of checks and balances put in place within an organization to ensure that its financial and operational processes run smoothly, efficiently, and with minimal risk of errors or fraud. The primary objectives of internal check are to safeguard assets, prevent and detect errors and fraud, ensure accuracy in financial reporting, and promote operational efficiency. Internal check involves segregating duties, implementing authorization procedures, maintaining proper documentation, and regularly reconciling accounts. It aims to provide reasonable assurance that the organization’s objectives are being met and that its resources are being used effectively.