However, as the world moves away from coal, South Africa will need to consider the implications.
This might include giving each employee his own password to access files and data on the company's computer, or creating a system for filing client data and financial documents, online or offline.
Internal controls can help companies reduce errors, which can help them save money and protect their reputations.
These established protocols help bring order and cohesiveness to companies, as everyone knows what's expected, as outlined in the internal controls.
Establishing internal controls can help companies prevent or reduce fraud and theft within their organizations.
Miranda Brookins is a marketing professional who has over seven years of experience in copywriting, direct-response and Web marketing, publications management and business communications.