internal controls

(10)“internal controls” means a process, effected by an entity’s management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: (A)Effectiveness and efficiency of operations.1 (B)Reliability of financial reporting. (C)Compliance with applicable laws and regulations;

Source

31 USC § 7501(a)(10)


Scoping language

As used in this chapter
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