Internal control definition

Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

Internal control means the systems of control devised by management to ensure that the council’s objectives and management policies are achieved and adhered to in a manner that promotes the economy, efficiency and effectiveness on the use of resources, that financial and other records are reliable and complete and that the councils assets and interests are safeguarded;

Internal control means a process effected by those charged with governance, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

Examples of Internal control in a sentence

• These internal controls should be in compliance with guidance in “Standards for Internal Control in the Federal Government” issued by the Comptroller General of the United States and the “Internal Control Integrated Framework”, issued by the Committee of Sponsoring Organizations of the Xxxxxxxx Commission (COSO).

• The Grantee shall establish a system of internal controls that utilize the COSO Internal Control - Integrated Framework model as the basic foundation for the internal control system.

• In accordance with Risk Management's Internal Control Handbook, the County shall have a Countywide Safety Review Board.

• Internal Control Number — The unique number assigned by the Department’s MMIS to identify an individual Claim or Encounter.

• Internal Control Effective control and accountability must be maintained for all federal funds, real and personal property, and other assets.

More Definitions of Internal control

Internal control. , in relation to a Scheme, means –

Internal control means the methods adopted within an entity—

Internal control means a set of systems to ensure that financial and other records are accurate, reliable, complete and ensure adherence to the management policies of a Ministry, department or other agency of the Government, the orderly and efficient conduct of the Ministry, department or agency, and the proper recording and safeguarding of its assets and resources;

Internal control. Each Group Company has devised and maintained a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed and access to assets is permitted only in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of periodic financial statements and to maintain accountability for assets; and (iii) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal control means a process designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

Internal control means a process designed and effected by the Board of Directors, senior management, and all levels of personnel to provide reasonable assurance on the achievement of objectives through efficient and effective operations, reliable, complete, and timely financial and management information, and compliance with applicable laws, regulations, and the Corporation’s policies and procedures.