The planning and control functions of the budget

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1. Why is auditing so important in a financial MIS? Give an example of an audit that failed to disclose the true nature of the financial position of a firm. What was the result?

2. What is the difference between the planning and control functions of the budget? What problems do these differences create?

3. What did enterpreneurs do in radio shack which make them fail in their business and what did enterpreneurs do in best buy which make them succeed in business?

Reference no: EM131787031

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