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Can you explain the term management controls?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/03/27
Ashok Srinivasan
by Ashok Srinivasan , Regional Head of Internal Audit - Indochina & Philippines , Nestle Thailand Ltd

Management controls is a process where standards or targets are established, actuals measured and compared against standards, reasons for variances are analysed and future correction actions are noted to plug the gap, if any.

HASSAN AHMED
by HASSAN AHMED , Internal Auditor , TIE

Well, management control is a predetermined standard or benchmark through management compares the performance of resources, like human, financials, productions, order etc

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