internal controls
Internal controls are processes and procedures implemented by an organization to safeguard assets, ensure accurate financial reporting, promote operational efficiency, and prevent fraud or errors.
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Related Concepts (2)
Similar Concepts
- accountability and control
- auditing and external control mechanisms
- auditing and internal controls
- capital controls
- control issues
- control measures
- control structures
- information control
- internal control
- internal control systems
- inventory control
- management control systems
- quality control
- quality control procedures
- security controls