Business terms and jargon explained. Your business dictionary
What is Internal Control
This is how a company or organisation manages it assets and systems. Its internal control ensures that the system is working correctly and that it is being used correctly. It keeps a track of what has happened and when. It also keeps a record of what it has and when it was acquired.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.