Definitions
There is 1 meaning of the phrase
Internal Control.
Internal Control - as a 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.
Hypernyms (Closely Related)
control9Hyponyms (Broadly Related)
Example Sentences
"The company implemented strong internal controls to prevent fraud."
"Auditors are responsible for evaluating the effectiveness of internal controls."
"The board of directors reviewed the company's internal control policies."
"A lack of internal controls can lead to financial mismanagement."
"The CEO is ultimately responsible for maintaining an effective system of internal controls."
