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internal control

   Also found in: Acronyms, Wikipedia 0.03 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc.
inventory control - supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply
control - the activity of managing or exerting control over something; "the control of the mob by the police was admirable"
management control - an internal control performed by one or more managers
quality control - maintenance of standards of quality of manufactured goods
accounting - a system that provides quantitative information about finances


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For most, the section 404 solution will serve as a central repository for internal control documentation.
15, An Examination of an Entity's Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements, converges the standards practitioners use for reporting on a nonissuer's internal control with the PCAOB's Auditing Standard no.
 
 
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Internal Combustion Engine Vehicle
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Internal Commercial Intrusion Detection System
Internal communication
Internal Communication Assessment Group
Internal Communication Circuit
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Internal Control Deficiencies: Assessment and Reporting
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Internal Controls Service
Internal Controls: Design and Documentation
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