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It should include the business unit management vested with a holistic view of the business, supplemented with effective control and communication structure to stub risk vulnerabilities in time. Roles and responsibilities must be well defined to ensure accountability and control policy breaches.
2. Knowledge of failure modes with operational monitoring and response system...
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Knowledge of failure modes with operational monitoring and response system.
The risk identification and assessment mechanism must be aligned to Hamilton’s strategy and sensitivity to safeguard its reputation. It should be able to detect the failure modes in time, with compensating controls and pre-emptive actions in place to ensure damage control...
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Standard Soap Company Cost Accounting
MANAGEMENT CONTROL IN A BUSINESS NETWORK: NEW CHALLENGES FOR ACCOUNTING
An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
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