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

OPENING BALANCE is the balance of an account at the start of an accounting period.

COST OF SALES see COST OF GOODS SOLD.

Suggest a Term

Enter Search Term

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