Discuss the below:
Internal control procedures are the activities management perform to address the risks that might prevent the organization from achieving its objectives. Internal control procedures generally fall into 5 categories:
1. Smart Hiring Practices and Separation of Duties
2. Comparisons and Compliance Monitoring
3. Adequate Records
4. Limited Access
5. Proper Approvals
Choose two internal control procedure and explain it. Also, for the control procedure that you chose, list some activities that are in place at your company that fall into that category.