Global Business Challenges in Internal Control Implementation

Abstract

Internal control nowadays is becoming a popular option as a solution to the challenges in the business world. Application of internal control varies from one business to another, from one industry to another, and from one domestic operation to international operation. More challenges come from international operations since cultures, languages, people, home country regulations and the like variables may affect the whole firm in its sustainability and financial growth.  Given the variety of factors to be considered as challenges, solutions such as evaluation and measurement of internal control applied and innovations of controls can be an option for business growth. This paper presents the research work on general approach in considering the challenges of a global business in the implementation of internal control. The challenges in the enforcement of internal control for global business is the primary objective of this study which pose an important aspect in today’s world in terms of global sustainability.