external control


external control
1. Aspects of *corporate governance related to the controls exercised by *stakeholders over their interests in an organization. Elements of external control include (i) the preparation of published *financial statements, (ii) the *external auditing of financial statements, and (iii) other mechanisms of *accountability for *boards of directors. 2. The monitoring of *internal controls in a *vendor or other outside organization. For example, some retail corporations seek to ensure the achievement of their objectives by monitoring the activities and internal controls of their major vendors.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • external control of accuracy of the mean — išorinė tikrumo kontrolė statusas T sritis Standartizacija ir metrologija apibrėžtis Visos tyrimo metodo tikrinimo ir tikrumą užtikrinančios priemonės, kurias atlieka nepriklausanti šiai laboratorijai tarnyba. Pagrindinė išorinės tikrumo… …   Penkiakalbis aiškinamasis metrologijos terminų žodynas

  • external control of trueness — išorinė tikrumo kontrolė statusas T sritis Standartizacija ir metrologija apibrėžtis Visos tyrimo metodo tikrinimo ir tikrumą užtikrinančios priemonės, kurias atlieka nepriklausanti šiai laboratorijai tarnyba. Pagrindinė išorinės tikrumo… …   Penkiakalbis aiškinamasis metrologijos terminų žodynas

  • exemption from external control — index freedom, liberty Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Control moment gyroscope — A control momentum gyroscope (CMG) is an attitude control device generally used in spacecraft attitude control systems. A CMG consists of a spinning rotor and one or more motorized gimbals that tilt the rotor’s angular momentum. As the rotor… …   Wikipedia

  • control theory — Field of applied mathematics relevant to the control of certain physical processes and systems. It became a field in its own right in the late 1950s and early 60s. After World War II, problems arising in engineering and economics were recognized… …   Universalium

  • control — The exercising of influence, regulation, or restriction over an activity, process, or individual. In an auditing context, control is often understood to be an action or practice that assists an organization to achieve its objectives, though this… …   Auditor's dictionary

  • Control engineering — Control systems play a critical role in space flight Control engineering or Control systems engineering is the engineering discipline that applies control theory to design systems with predictable behaviors. The practice uses sensors to measure… …   Wikipedia

  • Control chart — One of the Seven Basic Tools of Quality First described by Walter A. Shewhart …   Wikipedia

  • Control (Janet Jackson album) — Control …   Wikipedia

  • Control (2007 film) — Control Film poster showing lead actor Sam Riley as Ian Curtis Directed by Anton Corbijn Produce …   Wikipedia