ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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INTERNAL CONTROL WEAKNESS Definition
INTERNAL CONTROL WEAKNESS is a defect in the design or operation of internal controls.
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MANUAL CONTROLS are controls performed manually, i.e., not by computer.
CONSISTENCY PRINCIPLE requires accountants to apply the same methods and procedures from period to period. When they change a method from one period to another they must explain the change clearly on the financial statements.