Internal Controls definition

Internal Controls has the meaning set forth in Section 4.07(d).
Internal Controls has the meaning set forth in Section 2(a)(xxii)(III).
Internal Controls for districts means processes designed and im- plemented by districts to provide reasonable assurance regarding the achievement of objectives in the following categories:

Examples of Internal Controls in a sentence

  • Internal controls - the policies, procedures, and organizational structure of an Agency designed to reasonably assure that: (1) the Program achieves its intended result; (2) Program resources are used in a manner that protects against fraud, abuse, and mismanagement and in accordance with laws, regulations, and guidance; and (3) timely and reliable Program information is obtained, maintained, reported, and used for decision-making.


More Definitions of Internal Controls

Internal Controls means systems and procedures designed to prevent and detect fraud, waste, and abuse; promote and encourage compliance with applicable laws, rules, contracts, grant agreements, and best practices; support economical and efficient operations; ensure reliability of financial records and reports; and safeguard assets.
Internal Controls means a process, implemented by a Recipient or Subrecipient, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: (a) effectiveness and efficiency of operations, (b) reliability of reporting for internal and external use, and (c) compliance with applicable laws, regulations, and requirements.
Internal Controls means fiscal and operational controls that ensure safe and proper use of a standard EFT system and mitigate the potential for fraud and abuse. For purpose of N.J.A.C. 5:30-9A.1 et seq., internal controls shall include technological safeguards and cyber security practices, as well as processes affected by the governing body, management, and other personnel establishing fiscal and operational controls that reduce exposure to risk of misappropriation.
Internal Controls means the plan of orga- nization and methods and procedures adopt- ed by management to ensure that:
Internal Controls means a process, implemented by an entity's governing body, administration, or other personnel, designed to:
Internal Controls means systems, processes and procedures developed to:
Internal Controls means a process, implemented by a non-Federal entity, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: