| Library / English Dictionary |
INTERNAL CONTROL
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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.
Classified under:
Nouns denoting acts or actions
Hypernyms ("internal control" is a kind of...):
control (the activity of managing or exerting control over something)
Domain category:
accounting (a system that provides quantitative information about finances)
Hyponyms (each of the following is a kind of "internal control"):
inventory control (supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply)
management control (an internal control performed by one or more managers)
quality control (maintenance of standards of quality of manufactured goods)
