Accounting Controls
/ˈæk.aʊn.tɪŋ kənˈtroʊlz/
Definitions
- (n.) Internal procedures and mechanisms implemented by an organization to ensure accuracy and integrity in financial reporting, compliance with laws, and safeguarding of assets.
The company strengthened its accounting controls to prevent fraudulent transactions.
Forms
- accounting controls
- accounting control
Related terms
See also
Commentary
Accounting controls are foundational for reliable financial statements and often overlap with internal controls; drafters should specify their scope and connection to corporate compliance frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.