How can companies compare the performance of divisions operating in different countries? What are the four levers of control, and why does a company need to implement them
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- How can companies compare the performance of divisions operating in different countries?
- What are the four levers of control, and why does a company need to implement them?
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- What are the FOUR broad goals of an organization's internal control system? What are the FOUR broad goals of an organization's internal control system?How does the desire for personal control affect managers, and how can they balance it with organizational control systems?In a business setting, what exactly does "control" mean?
- Explain what are the objectives of internal control as per COSO are ?Discuss the devices that make control different from ownership. What impact do differences between ownership and control have on the conflicts of interest that are likely to prevail in a corporation?describe how different levels of control (the Operational control, Financial control, Structural control, and Strategic control) can function and help to run the business smoothly.
- What constitutes a good internal control environment?Discuss the five different control methods (bureaucratic control, objective control, normative control, concertive control, and self-control).Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context?