Explain Some Controls That Can Be Used in an Organization

question 54

Essay

Explain some controls that can be used in an organization to safeguard cash and other assets.

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Definitions:

Substitute Marriage

A long-term commitment between two people who don’t plan to marry.

Formalize

To make or declare something official, structured, or conform to established rules or norms.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship, often manifesting as a willingness to give time and energy to something believed in.

Premarital Cohabitation

The practice of living together as a couple in a long-term relationship without being married.