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ACCOUNTING CONTROLS

Statistics Directorate    
Definition:
Those procedures and documentation concerned with safeguarding of assets, the conduct and recording of financial transactions and the reliability of financial records. They are frequently based on standards issued by the Ministry of Finance or the supreme audit institution (SAI) to ensure comparability of accounting practices across all ministries and conformity with national and/or international conventions.

Source Publication:
Effects of European Union Accession, Part 1: Budgeting and Financial Control, OECD SIGMA Paper No. 19, March 1998, Appendix 3: List of Useful Terms + investopedia.com.

Cross References:
Control/controls

Hyperlink:
http://www.investopedia.com/terms/a/accounting-control.asp

Statistical Theme: Public management

Created on Tuesday, August 06, 2002

Last updated on Wednesday, June 12, 2013