There are different types of Internal Controls employed in an organization including preventive controls, detective controls, input control and output controls. In reference to this statement. Explain the difference betw

Input Controls: Input controls in the context of internal control means the procedures and systems to ensure completeness, accuracy, existence, validity of the data entered in the financial and non- financial records. Input control helps in preventing errors and frauds thereby making the information is reliable for decision making. Examples are: Data validation, Data verification, Audit trail and authorization procedure. Output Controls: Output controls in the context of internal control means the mechanism put in place to monitor and evaluate the results of operation or activities. The purpose of output control is to ensure that the objectives of the entity are met and the results are in line with the expectations. Examples are: Monitoring and measuring key performance indicators such as productivity, efficiency and effectiveness, quality control, obtaining feedback, review of exception reports.