Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of control environment

Definition of

control environment

Corporate Governance

organization's management style the corporate culture of the directors and senior management of an organization

Recommended Further Reading (Term count)
  • Internal Control Frameworks: COSO, CoCo, and the UK Corporate Governance Code
    In auditing and accounting, internal control is defined as a process that is designed to help an organization to accomplish specific goals or objectives.Organizations can choose from a number of internal control frameworks. The “Internal control—Integrated framework” published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a widely used framework in the United States and around the world. It was initially...
  • Internal Audit and Partnering with Senior Management
    by Bruce Turner
    “The internal audit function has evolved from corporate cop to that of a savvy in-house consulting service.”1Internal auditing in the twenty-first century imposes even greater demands on the professional internal audit staff, whose role has expanded to combine both an assurance and a consulting service to management. Internal audit charters have been broadened considerably to reflect these demands.The chief executive of the Institute of Internal...
  • Implementing an Effective Internal Controls System
    by Andrew Chambers
    In some jurisdictions law or regulation may require effective systems of internal control, with serious penalties for irresponsible failure. The Sarbanes–Oxley Act (2002) requires CEOs and CFOs of companies with listings in the United States to certify their assessment of the effectiveness of internal control over reported disclosures (s302) and financial reporting (s404), with penalties of up to $1 million and ten years imprisonment for...
  • Internal Auditing’s Contribution to Sustainability
    by Jeffrey Ridley
    Sustainability programs have three aims: people, planet, and profit. Few organizations today, across all sectors, will be without some form of sustainable development program—be it for altruistic reasons, required by regulation, or to stay at the cutting edge in their competitive market places. There can also be strong economic, environmental, and social reasons for marketing sustainable products and services: for reputational reasons and to...

Definitions of ’control environment’ and meaning of ’control environment’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’control environment’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top