Accounting Control

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Accounting Control

Quality control for a company's accounting practices. That is, accounting control is the series of processes a company undertakes to ensure accuracy in its financial reporting.
References in periodicals archive ?
Ray Whittington, interim dean of DePaul's College of Commerce and director of its accountancy school, attributes the jump to the new accounting controls and auditing requirements mandated by the Sarbanes-Oxley Act (SOX).
Greenwell's responsibilities include all internal and external financial reporting, budgeting, analysis and internal accounting controls.
And the reasons have little to do with accounting controls.
Additionally, a visit back to basic internal accounting controls is always time well spent.
In addition, companies should establish and maintain internal accounting controls.
Lack of real-time accounting controls between inventory control and contract managers -- especially in the Department of Defense.
And the kinds of matters the audit committee and auditor now are required to discuss, such as the effectiveness of internal accounting controls, also facilitate fraud prevention (see "New Rules, New Responsibilities," JofA, Aug.
In 1987 TRW, like many companies, decided to formally document its internal accounting controls.
The conference report of the bill said that although there had been efforts to strengthen federal internal accounting controls in the past, federal financial management continued to be deficient.
Above all, his cash flow position, plan for the future, and establishment of good accounting controls.

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