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.
MWETSP Section 100
Senses
FFIEC IT Examination Handbook - Audit, April 2012
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.
Wordset Dictionary
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.
Classifications
Entity Type
Control0%rule-basedmulti_axis_classifier_low_confidence.v1
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Sensitivity
—85%llm-generatedllm:claude-haiku-4-5
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Information Class
—90%llm-generatedllm:claude-haiku-4-5
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Variants
- alternatephrasing
- Internal Control
- plural
- internal controls
- possessive
- internal control's
- pluralpossessive
- internal controls'