internal control (Meaning)
internal control (n)
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.
Synonyms & Antonyms of internal control
No Synonyms and anytonyms found
internal control Sentence Examples
- Internal control plays a crucial role in ensuring the accuracy and reliability of financial reporting.
- The internal control system comprises policies and procedures designed to prevent, detect, and correct errors and irregularities.
- Strong internal controls help organizations safeguard their assets and protect against fraud and theft.
- Internal control is not only about compliance but also about providing reasonable assurance that an organization's objectives will be achieved.
- Effective internal control requires continuous monitoring and evaluation to adapt to changing circumstances.
- Internal controls should be tailored to the specific needs and risks of an organization.
- Internal audit plays a critical role in evaluating and reporting on the effectiveness of internal controls.
- The internal control environment sets the tone for the organization's commitment to ethical behavior and controls.
- Internal controls are designed to prevent, detect, and correct problems in an organization's activities.
- Internal controls help ensure that financial information is complete, accurate, timely, and reliable.
FAQs About the word 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.
No synonyms found.
No antonyms found.
Internal control plays a crucial role in ensuring the accuracy and reliability of financial reporting.
The internal control system comprises policies and procedures designed to prevent, detect, and correct errors and irregularities.
Strong internal controls help organizations safeguard their assets and protect against fraud and theft.
Internal control is not only about compliance but also about providing reasonable assurance that an organization's objectives will be achieved.
