Homonym: controls (Regulation)
Controls are mechanisms or systems used to manage and regulate processes, ensuring they operate within desired parameters. They can be found in various fields, such as engineering, finance, and information technology, where they help maintain efficiency, safety, and compliance with standards.
In a business context, controls often refer to policies and procedures that safeguard assets, ensure accurate reporting, and promote operational effectiveness. Examples include internal audits, budget controls, and quality assurance processes, all designed to minimize risks and enhance performance.