Examlex
The idea that organizations are part of a larger society and are accountable to that society for their actions is referred to as
Inadequate Control
A situation where there is insufficient management or oversight, leading to potential problems or failures within an organization.
External Audits
Independent examinations of financial records and activities of an entity to ensure accuracy, compliance, and fairness in reporting.
Internal Audits
Are objective evaluations conducted within an organization to assess the effectiveness of its internal controls, operational procedures, and compliance with relevant laws and regulations.
Crisis Management Team
A group of individuals designated to plan for, respond to, and recover from emergency situations, ensuring the organization's resilience.
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