Sentence examples for operation of internal control from inspiring English sources

It did not provide details, but noted that under generally accepted auditing standards, reportable conditions were defined as "matters coming to an auditor's attention that represent significant deficiencies in the design or operation of internal control that could adversely affect the entity's ability" to report financial results accurately.

Reportable events are defined by the American Institute of Certified Public Accountants as "significant deficiencies in the design or operation of internal control which could adversely affect the organization's ability to record, process summarize and report financial data consistent with the assertions of management in the financial statements".

However, many participants were not in favour of knee replacement surgery, either because they had heard stories of unsuccessful replacements or because they viewed the operation as compromising the sense of internal control: I wouldn't go down that road … Not in favour of things like that … No … I am careful … I'm careful … hopefully they [knees] will last me out.

Specifically, the commission pointed to the lack of internal control which would have identified operation shortcomings and the lack of proper cockpit procedures, especially regarding callouts.

These are all components of the control environment, which forms the foundation of internal control.

We investigate the effect of internal control employees (ICEs) on internal control quality.

Transcript levels were normalized against expression of internal control (GAPDH).

As all too common in the government's enforcement procedures, whereby the corner office was assigned no actionable responsibility on the manner in which they ran their operations, the glaring paucity of internal controls, nor accountability for the culture they imbued, nor the misleading statements they, along with their underlings, made.

§ 90.473 Operation of internal transmitter control systems through licensed fixed control points.

Last month, Citigroup was forced to close its private banking operations in Japan after regulators found that a lack of internal controls enabled certain employees to engage in fraudulent transactions.

Section 404 (Title IV Enhanced Financial Disclosures): Management Assessment of Internal Controls.