Question
Explain how you applied organisational and compliance requirements to ensure effective budget controls. you must demonstrate how you have collated and analysed data and created
Explain how you applied organisational and compliance requirements to ensure effective budget controls.
you must demonstrate how you have collated and analysed data and created reports (these don't specifically have to be financial reports but could be). For a distinction-level answer, you should also evaluate the importance of governance and compliance systems within your own business/industry area. For example, you might talk about the advantages of increasing efficiency and revenue, increasing staff motivation and engagement, avoiding fines or compensation payments, avoiding reputational damage, avoiding fraud/theft/tax evasion or criminal activity (e.g. cyber breaches), avoiding misuse of funds and resources, avoiding breach of contract, etc. You will need to refer to any evidence that supports what you discuss above, for example spreadsheets, emails to colleagues, screenshots or videos of you completing a check or creating a report (make sure any sensitive information is redacted).
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