Internal control
PROCESS OR SYSTEM USED BY AN ORGANIZATION TO MANAGE RISK AND DIMINISH THE OCCURRENCE OF FRAUD
Internal Control; Internal control procedure; Business control; Internal controls; Financial control; Internal check
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.