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Glite Dictionary
internal control

internal control

4 4.6
A system in a company that makes sure people follow rules, protects money, and stops stealing and mistakes
  • noun
  • /ɪnˈtɜrnəl kənˈtroʊl/
  • Specialized
translation icon : control interno
  • The internal control system implemented by the organization helped prevent fraud and ensure proper asset management.
  • internal control evaluation
  • internal control over payroll
  • internal control and auditing

We have them in house for internal control.

Examples

  • The evaluation of internal control principles was covered in both classes prior to the experiment.

    Academic text (1997)

  • For each case, subjects were requested to make an evaluation of internal controls and assess their confidence in the evaluation.

    Academic text (1997)

  • All subjects believed that they had learned more about internal control because of the study.

    Academic text (1991)

  • The subjects were required to evaluate the internal control and assessment of confidence.

    Academic text (1997)

  • As indicated above, each subject completed three cases: high, medium, and low internal control.

    Academic text (1997)

  • For example, there are two ways to approach the evaluation of internal controls.

    Academic text (1994)

  • Each subject received three cases that represented a low, medium, and high internal control evaluation.

    Academic text (1997)

  • The experimental task was an evaluation of internal control for the payroll cycle.

    Academic text (1997)

  • Company and external computer auditors are offered the opportunity to review the design of internal controls before development continues.

    Academic text (1999)

  • The questionnaire was developed with reference to existing internal control documents currently in use by the larger accounting firms.

    Academic text (1991)

Synonyms

management control
vsinternal control
  • Specialized
1 4.1

Ways a company checks and guides its activities to meet goals

focuses on accounting systems that protect assets and prevent fraud

Surface Forms

internal control singular
internal controls plural

Morphology

internal + control

The meaning is directly derivable from combining 'internal' (inside an organization) with 'control' (measures to direct or regulate): it literally denotes controls that operate within an organization. While the phrase is used in accounting/business contexts, the basic compositional idea is transparent and readily understandable to learners who know the constituent words.

Etymology

Internal control comes from the simple picture of checks or rules kept inside a company. Here, internal means 'inside' and control means rules or checks, so these inside checks help 'protect money and property', stop mistakes, and 'prevent fraud'.