Internal Controls for districts means processes designed and im- plemented by districts to provide reasonable assurance regarding the achievement of objectives in the following categories:
Internal Controls has the meaning set forth in Section 3.1(u).
Internal Controls means systems and procedures designed to prevent and detect fraud, waste, and abuse; promote and encourage compliance with applicable laws, rules, contracts, grant agreements, and best practices; support economical and efficient operations; ensure reliability of financial records and reports; and safeguard assets.
Examples of Internal Controls in a sentence
Some items that may be viewed during a site visit include: • Source documentation • Financials records • Physical assets • Written policies and procedures • Audit compliance records • Internal controls • Field work in progress or completed Subrecipient will be notified when CFSC, or CAL FIRE staff, would like to conduct a site visit during the Term.
Internal controls are implemented by Metropolitan management and seek to provide reasonable (not absolute) assurance that the district’s business objectives will be achieved.
More Definitions of Internal Controls
Internal Controls has the meaning set forth in Section 4.7(b).
Internal Controls means fiscal and operational controls that ensure safe and proper use of a standard EFT system and mitigate the potential for fraud and abuse. For purpose of N.J.A.C. 5:30-9A.1 et seq., internal controls shall include technological safeguards and cyber security practices, as well as processes affected by the governing body, management, and other personnel establishing fiscal and operational controls that reduce exposure to risk of misappropriation.
Internal Controls means a process, implemented by a Recipient or Subrecipient, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: (a) effectiveness and efficiency of operations, (b) reliability of reporting for internal and external use, and (c) compliance with applicable laws, regulations, and requirements.
Internal Controls has the meaning set forth in Section 2(a)(xxii)(III).
Internal Controls means the plan of orga- nization and methods and procedures adopt- ed by management to ensure that:
Internal Controls means a process, implemented by a non-Federal entity, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:
Internal Controls means the facility’s system of internal controls.