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Internal Control Structure definition

Internal Control Structure. , of an agency, means the structure within the agency to provide for its internal controls.
Internal Control Structure means the plan of organization including all of the methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, and promote operational efficiency and adherence to management’s policies.

Examples of Internal Control Structure in a sentence

  • SAS No. 60, Communication of Internal Control Structure Matters Noted in an Audit (AU section 325 of the Professional Standards of the American Institute of Certified Public Accountants) requires an accountant to communicate significant deficiencies (known as “reportable conditions”) noted during a financial statement audit to the appropriate parties within an entity.

  • SAS No. 60, Communication of Internal Control Structure Matters Noted in an Audit (AU Section 325 of the Professional Standards of the American Institute of Certified Public Accountants) requires an accountant to communicate significant deficiencies (known as "reportable conditions") noted during a financial statement audit to the appropriate parties within an entity.

  • Internal Control Structure: The State Budget Office is responsible for the overall operation of the State's central accounting system and for establishing and maintaining the State's internal control structure.

  • Financial information contained in the report and in the related, cited materials are available at the CCDC offices and online at the CCDC webpage.CCDC has established an Internal Control Structure and the CCDC Board of Directors conducts an annual review and assessment of its Internal Controls as part of its review of the annual independent financial audit.

  • SAS No. 60, Communication of Internal Control Structure Matters Noted in an Audit (AU Section 325 of the Professional Standards of the American Institute of Certified Public Accountants) requires an accountant to communicate significant deficiencies (known as “reportable conditions”) noted during a financial statement audit to the appropriate parties within an entity.

  • In addition, it was proposed that theAmerican Institute of Certified Public Accountants’ (AICPA) Statement on Auditing Standards No. 55 (SAS 55),‘‘Consideration of the Internal Control Structure in a Financial StatementAudit,’’ should replace AICPAStatement on Auditing Standards No. 30 (SAS 30), ‘‘Reporting on InternalAccounting Control,’’ in the footnote to Guideline 10.15.

  • The following documents are incorporated into this Contract: Form 2031, Signature Authority Designation; Form 2033RCC, Subcontractor Documentation Form; Form 2033a-RCC, Subcontractor Process; Forms 4732/4732addem, Request for Determination of Ability to Contract; Form 4733, Certifications or Form 4733GOV, Certifications for Governmental Entities, as applicable; and Form 9007 RCC, Internal Control Structure Questionnaire (ICSQ) for Residential Child Care.

  • The Contractor shall accurately complete cost reports, time studies, Internal Control Structure Questionnaires (ICSQs), Contract Monitoring surveys, and any other reports required and requested by DFPS within timeframes specified by DFPS.

  • Thesecommenters stated that professional standards for attestation engagements (i.e., Statement of Standards forAttestation Engagements No. 2, ‘‘Reporting on an Entity’s Internal Control Structure Over Financial Reporting’’ (AICPA, ProfessionalStandards, vol.

  • The Contractor must accurately complete cost reports, time studies, Internal Control Structure Questionnaires (ICSQs), Contract Monitoring surveys, and any other reports required by this Contract or requested by the Department.

Related to Internal Control Structure

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Company’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Historic Structure means any structure that is:

  • Internal Collaboration means collaborative arrangements within a group of companies or within various strategic business. units/subsidiaries/operating divisions in order to gain a strategic position whilst sharing resources, profits and losses as well as risks

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Structural pest control means a use requiring a license under Chapter 14 (commencing with Section 8500), Division 3, of the Business and Professions Code.

  • Existing structure means any structure that is installed or approved for installation at the time a wireless services provider or wireless infrastructure provider provides notice to a locality or the Department of an agreement with the owner of the structure to co-locate equipment on that structure. "Existing structure" includes any structure that is currently supporting, designed to support, or capable of supporting the attachment of wireless facilities, including towers, buildings, utility poles, light poles, flag poles, signs, and water towers.

  • utility structure means transmission and distribution lines