CONTROL ENVIRONMENT Definition

Bookmark and Share

CONTROL ENVIRONMENT is the attitude, awareness, and actions of the board, management, owners, and others about the importance of control. This includes integrity and ethical rules, commitment to competence, board or audit committee participation, organizational structure, assignment of authority and responsibility, and human resource policies and practices.

Learn new Accounting Terms

HORIZONTAL COMBINATION is a business combination of companies with similar functions in the production or sale of comparable products.

NON-OPERATING ASSETS is assets not necessary to ongoing operations of the business enterprise.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.