internal control
nounverified·updated Aug 28, 2026
A process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Framework senses
- §1
- The purpose of this task is to provide reasonable assurance that operations are effective and efficient, financial reporting is reliable, and applicable laws and regulations are being followed.
- §1
- 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.
- §1 · glossary
- A process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.Attribution from the CKI glossary mapping stage (glossary)
- §1 · legacy_primary
- The purpose of this task is to provide reasonable assurance that operations are effective and efficient, financial reporting is reliable, and applicable laws and regulations are being followed.DR-088 backfill from the noun definition column