Internal Control System definition

Internal Control System means a process, effected by the director of the principal department, management, and other personnel, designed to provide reasonable assurance regarding the accomplishment of department objectives relating to operations, reporting, and compliance.

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Internal Control System means the internal procedures, administration, and accounting controls designed by the casino licensee for the purpose of exercising control over the gambling operation and its assets.

Internal Control System means the minimum level of operational controls developed by a responsible party to ensure the integrity of event wagering.

Examples of Internal Control System in a sentence

Transactions do not log to at least two (2) geographically separated Lottery Systems, and to the Internal Control System; iv.
After the identification of each risk, the design and the implementation of the control must be assessed, those controls must be implicit in Cenit’ Internal Control System.
The Tribal Gaming Agency shall have the right to inspect and oversee the Internal Control System at all times.
For group producer, in addition to the maintenance Organic Farm Diary by its members, records related to the implementation of the ICS shall be maintained as per the formats prescribed in Internal Control System (ICS) Manual Version II: 2020 of the National Centre for Organic Agriculture (NCOA) Yusipang, Thimphu.
The Gaming Regulatory Authority shall have the right to inspect and oversee the Internal Control System at all times.

More Definitions of Internal Control System

Internal Control System means all the policies and procedures (Internal Control) adopted by the management of an entity to assist in achieving management’s objective of ensuring, as far as practicable, the orderly and efficient conduct of its business, including adherence to management policies, the safeguarding of assets, the prevention and detection of fraud and error, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information. The internal control system extends beyond those matters, which relate directly to the functions of the accounting system.

Internal Control System means the framework under which internal controls are developed and implemented (alone or in concert with other policies or procedures) to manage and control a particular risk or business activity, or combination of risks or business activities, to which the Corporation is exposed.

Internal Control System means the minimum level of operational controls developed by a responsible party to ensure the integrity of fantasy sports contests.

Internal Control System means the entire system of controls, financial and otherwise, established by the management in order to carry on the business of the company in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as far as possible the completeness and accuracy of the records;

Internal Control System herein shall mean a series of process consistently carried out by the Company’s Board of Directors, the management, and other members in order to offer reasonable confidence for security of the efficiency and effectiveness on the company operation, security of the reliability on the financial information, whether or not a relevant law and regulation and policy is observed, etc.

Internal Control System means all those actions undertaken by a fishery enterprise aimed at ensuring and demonstrating that a fish product satisfies the requirements of product safety as provided in these Regulations;

Internal Control System means a group of processes and procedures established for adequate risk control, monitoring the efficiency and effectiveness of a credit institution’s operation, reliability of its financial and other information, and compliance with regulations, internal bylaws, standards and codes in order to ensure the stability of the credit institution’s operation.