Complex sentence: Internal control, as defined in accounting and auditing, is a process for assuring achievement of an oganization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
Split into simpler sentences: Internal control, as defined in accounting and auditing, is a process for assuring achievement of an oganization's objectives. The objectives addressed by this process involve operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.