(cross-post from my other blog, Attestation Update.)
Here is an illustration of internal control, a specific mention of “checks and balance”, and the goal of internal control from the 5th century:
From the Fourth Ecumenical Council in 449 A.D.: “As we have learned, in some churches, the bishops administer the material goods of the church without a treasurer; it has seemed right and proper that every church with a bishop should also have a treasurer taken from the clergy who will administer the church’s goods with advice of his own bishop. In this way the administration of the church will not be without checks and balances, the goods of the church will not be dissipated, and the priesthood will be free from all suspicion.”
The quote was listed at LinkedIn by a former colleague, Jennifer Perez, CPA.
That’s too good of an explanation of internal control to let pass without quoting it and making some comments.