Apple is the leading business organization from the technology domain. The company has been known not only for its business principles, customer attraction and technology invention but also because of the accounting business standards and internal controls maintenance. New income of Apple for the year 2009 was 8,235 million dollars. In addition, it was reported that cash net decrease took place of 6612 million dollars. The difference in these figures has been because of the net income being calculated on the basis of accrual and is inclusive of impacts from several transactions based on non-cash. There are also some transactions at Apple which take place having an impact on cash but there is no impact of the same on income (Hoffelder, 2012). For example, the property purchase, plants and assets of equipment decrease cash but they do not impact income except by yearly depreciation over assets life. The cash (bank and cash) of Apple at 2010 December was equivalent to 6137 (in EUR million). The company has been the leading in present assets and its net assets make up approximately 11 percent of the present assets. Internal control auditing is important to be done as the internal controls of an organization are related to bank details, petty cash, sales and receivable accounts. Cash has a liquid nature and with cash liquidity it is possible to further build and grow (Hoffelder, 2012). Cash, receivable accounts, inventory and building are all assets with the most liquid state. A receipt of petty cash acts as a document which states that payment has been done of petty cash. The received payment and the approved payment slips are also both signed.