Examlex
Instructions: Please define the following key terms.
-Rhodes
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.
Quick Response
A strategy that emphasizes being responsive to customer demand to increase service quality and efficiency.
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