Definition: Accounting controls

OECD terminology

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.
Organization for Economic Cooperation and Development (OECD), "Effects of European Union Accession, Part 1: Budgeting and Financial Control", OECD SIGMA Paper No. 19, Paris, March 1998

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