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Internal control system reduces the possibility of occurrence of employee fraud and management fraud An effective internal control system can help reduce the risk of both employee fraud and management fraud. For employee fraud, the system can establish clear policies and procedures for financial transactions and record-keeping, communicate these to all employees, and include monitoring and oversight mechanisms. For management fraud, the system can establish a culture of integrity and ethical behavior, ensure that management is held accountable for their actions, and implement checks and balances to prevent abuse of power.
The term "labor turnover" is frequently used to describe a specific aspect of the workforce dynamics within an organization. What does labor turnover sp...
In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the...
A Ltd purchase the running business of K Ltd consists of total asset of Rs. 10,00,000 liabilities of Rs. 2,00,000. A Ltd paid Rs. 2,00,000 immediately i...
What effect does an increase in foreign investment in India have on the exchange rate of the rupee?
Letter of credit is opened at the request of whom among the following?
The National Green Hydrogen Mission anticipates over Rs. Eight lakh crore in total investments and Creation of over Six lakh jobs by _____________.
Which of the following ratios can help compare the operational efficiency of different entities?
Calculate the Inventory Turnover Ratio
What is the maximum Loan to Value (LTV) ratio for individual housing loans above ₹30 lakh and up to ₹75 lakh?
What is the purchasing power parity (PPP) theory primarily concerned with?