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The "Corrupt Bargain" was made between
Internal Control
Systems and processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Adequate Records
Maintaining sufficient and detailed financial documents to accurately capture a company's transactions, facilitating scrutiny, and ensuring compliance with laws and regulations.
Internal Control
A system of policies and procedures designed by management to safeguard company assets, ensure financial report accuracy, and comply with laws and regulations.
Clearly Establishing
The process of defining or setting precise boundaries, rules, or standards.
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