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What is 'Accounting Control'. Accounting control is the methods and procedures that are implemented by a firm to help ensure the validity and accuracy of its own financial statements. The accounting controls do not ensure compliance with laws and regulations, but rather are designed to help a company comply. Next Up.
RESPONSIBILITY ACCOUNTING. Responsibility accounting is a management control system based on the principles of delegating. and locating responsibility.The authority is delegated on responsibility centre and accounting for. the responsibility centre. Responsibility accounting is a system under which managers are given. decisions making authority and responsibility for each activity occurring within a specific area of. the company. Under this system, managers are made responsible for the activities of segments.