internal control system — A system of controls, both financial and non financial, set up by the management of a company to carry out the business of the company in an orderly and efficient manner. The system should ensure that management policies are adhered to, assets… … Accounting dictionary
Internal control — In accounting and organizational theory, Internal control is defined as a process effected by an organization s structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific… … Wikipedia
internal control questionnaire — ICQ A document used by an auditor to assess the internal control system of an organization. Questions will be tailored to the cycle being audited; for example, the sales or revenue cycle will check that sales are authorized, goods are invoiced,… … Accounting dictionary
Control System Integrators Association — Formation 1994 Type Industry Association Headquarters Madison, WI Location United States Executive Director Bob Lowe … Wikipedia
Control system (disambiguation) — A control system is a device or set of devices to manage, command, direct or regulate the behavior of other devices or systems. A control mechanism is a process used by a control system. Control system may refer to: Contents 1 General control… … Wikipedia
control system — Means by which a set of variable quantities is held constant or caused to vary in a prescribed way. Control systems are intimately related to the concept of automation but have an ancient history. Roman engineers maintained water levels in… … Universalium
internal control — A physical or procedural mechanism that monitors and reduces *risk in an organization’s financial and operational activities. In its 1992 report *Internal Control Integrated Framework, the *Committee of Sponsoring Organizations of the Treadway… … Auditor's dictionary
ISA 400 Risk Assessments and Internal Control — is one of the International Standards on Auditing. It serves to require the auditor is to understand the client s accounting system and internal control system and to assess control risk and inherent risk. The objective is to determine the nature … Wikipedia
emission-control system — ▪ automotive technology in automotive engineering, means employed to limit the discharge of noxious gases from the internal combustion engine. There are four main sources of these gases: the engine exhaust, the crankcase, the fuel tank, and … Universalium
internal control — noun 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. • Topics: ↑accounting • Hypernyms: ↑control • Hyponyms: ↑inventory control,… … Useful english dictionary
