CONTROL ENVIRONMENT Definition

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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

CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

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