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Why Is External Auditing Important to Risk Management

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Why is external auditing important to risk management?


Definitions:

Political System Realignment

The significant shift in the political landscape, often marked by changes in party dominance, policies, and voter alignment.

American Political System

A system of government in the United States that is a federal republic; it consists of three separate branches (executive, legislative, and judicial) operating under a constitution.

Bank of the United States

A federally chartered bank in the early United States, involved in establishing the nation's financial system until its dissolution in the 1830s.

Federal Funds

Monetary resources provided by the federal government, which can be allocated to states, municipalities, or specific projects.

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