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internal control

   Also found in: Acronyms, Wikipedia 0.06 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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New internal control guidance for smaller public companies has been issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
This followed comment letters, the report of the SEC Advisory Committee on Smaller Public Companies and the previous week's (May 10) roundtable on Second-Year Experiences with Internal Control Reporting and Auditing Provisions, comprised of various constituents.
The Committee of Sponsoring Organizations of the Treadway Commission's long-awaited draft, Guidance for Smaller Public Companies Reporting on Internal Control over Financial Reporting, was released in October 2005 to address internal controls for smaller publicly owned companies.
 
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Internal Communication Circuit
Internal communications
Internal communications
Internal Communications Coordinator
Internal Communications Management System
Internal Communications Processor
Internal Communications Workgroup
Internal compiler error
Internal compiler error
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Internal Computerized Device
Internal Conference on Computer Architecture
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Internal conflict in Peru
internal conjugate
internal connection
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Internal Controls Over Financial Reporting
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