internal control

/ɪnˌtʌrnl kənˌtroʊl/

Other forms: internal controls

Definitions of internal control

1. noun

   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.
   types:

   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

   acceptance sampling

   a statistical procedure for accepting or rejecting a batch of merchandise or documents; involves determining the maximum number of defects discovered in a sample before the entire batch is rejected

   type of:

   control

   the activity of managing or exerting control over something