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Both __________ and __________ communication are vital and must be managed for healthy organizational interaction.
Control Procedures
Actions and policies implemented by an organization to ensure the integrity of its financial and operational processes.
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.
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