2006 New York Code - Definitions.

 
    §  89. Definitions. As used in this article, the following terms shall
  have the following meanings:
    1. "Internal control".  A  process  that  integrates  the  activities,
  plans, attitudes, policies, systems, resources and efforts of the people
  of  an  organization  working  together, and that is designed to provide
  reasonable assurance that the organization will achieve  its  objectives
  and  mission.  The objectives of an internal control system include, but
  are not limited to: the safeguarding of assets;  checking  the  accuracy
  and  reliability  of  accounting data and financial reporting; promoting
  the effectiveness and efficiency of operations; ensuring compliance with
  applicable laws and regulations; and encouraging adherence to prescribed
  managerial  policies.  Internal  control  review  processes   are   used
  periodically  to  evaluate  the  ongoing  internal control system and to
  assess and monitor the implementation of necessary corrective actions.
    2.  "Internal  audit".  An  appraisal  activity  established  by   the
  management  of  an  organization  for review of operations as a means of
  assuring conformance with management policies and the  effectiveness  of
  internal  control,  and conducted in conformance with generally accepted
  standards for internal auditing.
    3. "Legislature". The legislature of the state of New York,  including
  all  components thereof as provided in subdivision two of section ninety
  of this chapter.