INTERNAL CONTROL WEAKNESS Definition

Bookmark and Share

INTERNAL CONTROL WEAKNESS is a defect in the design or operation of internal controls.

Learn new Accounting Terms

SOLVENCY is a companys long-term ability to meet all financial obligations.

CONSIGNMENT is when goods are offered for sale on behalf of another without the seller actually purchasing or taking title to the goods. Only when there is a subsequent sale does the owner receive any payment.

Suggest a Term

Enter Search Term

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