meaning of accounting controls

accounting controls meaning in Law Dictionary

processes in a business that protect possessions, manage deals, ensure precision, and monitor repayments. This all guarantees the legitimacy of a companies accounting records. Make reference to segregation of responsibilities.

accounting controls meaning in Business Dictionary

practices and processes which a business's management institutes to (1) safeguard assets, (2) approve deals, (3) monitor disbursements, and (4) make sure the accuracy and credibility of accounting documents. See also segregation of duties.