DIFFERENCE BETWEEN INTERNAL CONTROL SYSTEM AND INTERNAL CHECK SYSTEM :

Internal control is the system of control established by the management in order to carry on business in an orderly and efficient manner, ensure adherence to management policies, safeguard assets and completeness of records whereas Internal check is a system of allocation of responsibility, division of work and methods of recording transactions, whereby the work of one employee is checked continuously by another.

Internal check system is one part of internal control system. Internal control is broader concept as compare to internal check system; it contains many more types of controls other than the internal check system.

In internal control system, controls other than the internal check system are internal audit system and other nonfinancial control systems like quality control, purchasing controls, marketing controls etc.

The essence of internal check system is that the check should be automatic, continuous and objective while the essence of internal control system is in implementation of Internal check and Internal audit.