 In this presentation, we will take a look at and discuss internal controls. Internal controls. Management is responsible to implement and maintain controls to provide reasonable assurance that adequate controls exist over the entity's assets and reporting. The internal control system should ensure assets and records are safeguarded and produce reliable information for decision makers. So a couple key points when we think about the internal controls. We are the auditor. We're positioning ourselves thinking of ourselves as the auditor. Note that the internal controls are something that is done by management. So like the financial statements, when we audit the financial statements, those being prepared by management, the internal control system also something designed and implemented by management. And so the internal control system is implemented in order to provide reasonable assurance that adequate controls exist over the entity's assets and reporting. So the internal controls, you can think of it.