Examlex
A PCV valve stuck in the open position may cause a lean air/fuel ratio.
Monitoring
The continuous observation, checking, and adjustment of a process or performance by systematically tracking key metrics or activities.
Reasonable Assurance
A high level of certainty provided through internal controls and procedures to prevent and detect errors or fraud in financial reporting.
Vulnerabilities
Weaknesses or flaws in a system that can be exploited to compromise its security or functionality.
Outstanding Checks
Outstanding checks refer to checks that have been written and recorded in the paying account but have not yet been cashed or cleared by the bank.
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