Tag: Industrial Relations Mumbai University BMS Notes

Induction is a reasoning method by which a law or a general principle would be inferred via observing specific cases.…

An external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company,…

Accounting controls consists of the methods and procedures that are implemented by a firm to help ensure the validity and…

Application control includes completeness and validity checks, identification, authentication, authorization, input controls, and forensic controls, among others. Application controls are…

Business continuity may be defined as “the capability of an organization to continue the delivery of products or services at…

Governance, risk management and compliance (GRC) is the term covering an organization’s approach across these three practices: governance, risk management,…

Internal control areas spread over accounting and non-accounting spheres. Internal control, as it applied to the accounting system, implies control…

An effective internal control structure includes a company’s plan of organization and all the procedures and actions it takes to:…

A best practice is a method or technique that has been generally accepted as superior to any alternatives because it…

Business process improvement (BPI) is an approach used to identify and evaluate inefficiencies within the organization. It redesigns existing business…