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Mandatory reporting removes discretion from the system, allowing better data collection and more effective enfocement of policies, procedures and remedies. Better data collection not ony provides decisionmakers better data from which to make decisions, but also acts as an enfocement mechanism on actors submitting the mandatory reports.
What else can I help you with?
Why may regulation of financial reporting be important?
The regulation of financial reporting is important in order to make sure that said financial reporting is accurate and transparent. This, in turn, is important to prevent fraud and malfeasance.
Why is important of reporting deviations?
To help stop the stock
What are the names of some important credit reporting agencies?
equifax
Why is credibility important for a journalist?
The general public is interested in the reporting of a credible journalist, but not very interested in the reporting of one who isn't credible.
What is RIDDOR and why is it important?
Reporting of Injuries,Diseases and Dangerous Occurrences Regulations.
Why would you consider reporting plagiarism?
Reporting plagiarism is important because it violates ethical standards, undermines academic integrity, and infringes on the rights of original creators. By reporting plagiarism, you are upholding the value of honesty and ensuring that credit is given where it is due.
Why is it important when reporting science to tell the truth the whole truth and nothing but the truth?
So you can be trustworthy....
Identify three reasons why post-attack reports of NO damage or contamination are just as important as reporting observed damaged or contamination?
negative reporting facilitates identity of safe areas negative reporting facilitates mission continuance in safe areas without IPE encumbrances negative reporting facilitates reduced MOPP level recommendations
Identify 3 reasons why post attack reports of no damage or contamination are just as important as reporting observed damage or contamination?
negative reporting facilitates identity of safe areas negative reporting facilitates mission continuance in safe areas without IPE encumbrances negative reporting facilitates reduced MOPP level recommendations
Is Formal communications is used in reporting progress of assigned tasks?
Formal communications are important because they allow for record keeping and accountability. They are quite pivotal in reporting progress of assigned tasks.
Identify three reasons why post-attack reports of no damage or contamination are just as important as reporting observed damage of contamination?
a. negative reporting facilitates reduced mopp level recommendations. b. negative reporting facilitates mission continuance in safe areas without ipe encumbrances. c. negative reporting facilitates identity of safe areas.
In what various ways can and should financial reporting be different from reporting from reporting to management?
Financial (external) reporting produces information used by external users, investors, regulatory authorities, etc. who are concerned with the overall financial situation of the company. External reporting should put a premium on accuracy and understandability. Cost Management (internal) reporting or accounting focuses on analyzing costs and their drivers--for internal purposes such as measuring efficiency or decision making processes. Although accuracy and understandability are still important, internal reporting focuses more on timeliness and relevance.
