internal control

Noun
  1. 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. (synset 100807736)
    referred to in: accounting - a system that provides quantitative information about finances
    is a type of: control - the activity of managing or exerting control over something
    subtypes:
    • 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

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