The main costs of organizational controls are financial, damage to culture and reputation, decreased responsiveness, and botched implementation. I would say out of these financial would be the most important. You have to keep audits to make sure the financial part is correct, which is called a financial audit. The benefit costs include: improved cost and productivity control, improved quality control, opportunity recognition, better ability to manage uncertainty and complexity, and better ability to decentralize decision making. The most important of these would be cost and productivity control. "Cost and productivity control ensures that the firm functions effectively and efficiently." (Anonymous, 2015)

Financial controls provide the basis for sound management and allow managers to establish guidelines and policies that enable the business to succeed and grow. (Anonymous 2015) First in order to understand the importance of monitoring a company cash flow you have to make sure you, or the company keeps cash flow and profit separated. The key word in this question is “flow” which is a balancing act for the company accounting department. When you are in business you have to make sure that you have enough money coming in to pay the company bills, and the employees. All businesses have to have a balancing and budget in place to have the flow the company needs in order to be successful, and run smoothly with its day to day operations. A business can run the risk of over extending itself without and solid cash flow, or a simple balancing/ budget in place.

(Anonymous 2015)