Financial Controls
/ˌfaɪˈnænʃəl kənˈtroʊlz/
Definitions
- (n.) Procedures and policies implemented by organizations to ensure accuracy, integrity, and compliance in financial reporting and operations.
Effective financial controls help prevent fraud and ensure regulatory compliance in corporate accounting.
Forms
- financial controls
Related terms
See also
Commentary
Financial controls are critical for legal compliance and preventing financial misstatement; drafters should specify controls that align with applicable financial regulations.
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.