High Quality Content by WIKIPEDIA articles! In accounting and auditing, internal control is defined as a process effected by an organization`s structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific goals or objectives. It is a means by which an organization`s resources are directed, monitored, and measured. It plays an important role in preventing and detecting fraud and protecting the organization`s resources, both physical (e.g., machinery and property) and intangible (e.g., reputation or intellectual property such as trademarks).