Internal Control refers to the processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote operational efficiency, and encourage adherence to laws and regulations. These controls help prevent errors, fraud, and mismanagement by establishing checks and balances within the organization. Effective internal controls typically include measures such as segregation of duties, regular audits, and reconciliation of accounts. By systematically monitoring and evaluating these controls, organizations can identify weaknesses and improve their overall governance, ultimately safeguarding their assets and enhancing their reliability in reporting financial results.