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Explain the concept of gunny-sacking.
Natural Disasters
Natural disasters are severe and sudden events caused by environmental factors that cause damage to property, economies, and loss of life, such as earthquakes, floods, and hurricanes.
Unauthorized Use
The use of property or resources without permission, often leading to legal consequences or breaches of security.
Independent Internal Reviews
Evaluation processes conducted within an organization by an independent party to assess the organization's operations, procedures, or financial statements.
Accounting Period
A specific time frame covered by financial statements, typically a fiscal quarter or year, used for calculating earnings and managing taxation.
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