Common methods used by MNCs to improve their internal control process are.
- Establishing a centralized database of information
- Ensuring that all data are reported consistently among subsidiaries
- Implementing a system that automatically checks data for unusual discrepancies relative to norms.
- Speeding the process by which all departments and all subsidiaries have access to the data that they need.
- Making executives more accountable for financial statements by personally verifying their accuracy.