ABSTRACT
Budget holder – a manager who is given responsibility for controlling the expenditure for one or more business units or projects. Budgetary control – the process of managing income and expenditure in accordance with the amounts included in the approved budget. Internal control system – the system of checks and other measures that ensure that the organization meets its objectives. Statement on internal control – a published statement made by ‘those charged with governance’ of an organization, which sets out their opinion about the effectiveness of the organization’s system of internal control and details proposals for addressing any weaknesses
Annual income twenty pounds, annual expenditure nineteen pounds nineteen and
six, result happiness. Annual income twenty pounds, annual expenditure twenty
pounds ought and six, result misery.
