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Nevertheless, internal controls are put in place to keep the company on course toward profitability goals and achievement of its mission, and to minimize surprises along the way. They enable management to deal with rapidly changing economic and competitive environments, shifting customer demands and priorities, and restructuring for future growth. Internal controls promote efficiency, reduce risk of asset loss, and help ensure the reliability of financial statements and compliance with laws and regulations (COSCO, 2006).
With every company there will be strengths and weakness. Jamona.com internal controls strengths focus on being compliant with applicable laws and regulations...
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