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Definition and Objectives of Internal Control

What is Internal Control?

According to the COSO (Committee of Organizations Supporting the Treadway Committee) Internal Control Framework, which is widely accepted all over the world, INTERNAL CONTROL is defined as follows:

The definition of Internal Control in the Public Financial Management and Internal Control Law No. 5088 and the Public Internal Control Guide is as follows.

What are the Purposes of Internal Control?

  • Protecting business assets.
  • To ensure the accuracy and reliability of accounting information.
  • To ensure the efficiency of activities and compliance with policies.
  • To ensure the economical and efficient use of resources.

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