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Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. Discuss the following

Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. Discuss the following in regard to this:

  • What are some examples of effective control practices, and how do they help address budgetary challenges?
  • What types of challenges could exist in monitoring and maintaining the controls?

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