|1. Coming soon.
2. The entire system of controls, financial and otherwise, established by a Board and management in order to carry on an organisation's business in an effective and efficient manner, in line with the organisation's established objectives and goals. Also exists to ensure compliance with laws and regulations, to safeguard an organisation's assets and to ensure the reliability of management and financial information. Also referred to as Internal Control.
(Source: Business Continuity Institute - BCI)