Internal Control & Audit: Importance in Doing Business_

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When an owner of a small trading company in Seychelles saw his profits soar higher on the first year of operations, he decided to reward himself by taking a one month vacation in the Philippines. The owner had left the managing of the day to day operations to his most trusted assistant who was already managing his bookkeeping and administration. When the  owner came back from his vacation, his assistant gave him glowing reports that everything had run smoothly. Read More

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