Internal Controls are required by the law & to safeguard the organization against frauds and errors. Effective internal controls minimize the risk of asset loss, and ensure that the information is complete and accurate, financial statements are reliable, and the operations are conducted in line with the provisions of the applicable laws and regulations. An effective system of internal controls established by YKT protects the management plan in two ways. Minimizing opportunities for unintentional errors or intentional fraud that may harm the plan.Discovering small errors before they become big problems.