Statement of Internal Control

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
SIC
Pronunciation
/ˈsteɪtmənt əv ˌɪnˈtərnəl kənˈtroʊl/
Category
Medical
Related Field
British Medicine

Examples in Context

  1. According to the different status in using, it can be divided into two forms, including the evaluation of internal control used in audit of financial statement and evaluation of internal control for special purpose.
  2. And introduce the internal control audit risk model to internal control audit, drawing on the financial statement audit risk model. ( 2 ) CPA can carry out the audit of internal control and the audit of financial statement at the same time for the same audited unit.
  3. In dealing with Chinese local enterprises, most foreign banks are skeptical of their reported financial statements, corporate governance and internal control procedures and quality of the management.

Other meanings of SIC