Kristi Michail
Clearly, to reach the level of success in a business you must consider some various factors to promote the idea of a business. Therefore, you have to obtain competitive advantage against your competitors as a result of increasing the market share of your entity. Consequently, range of variables may contribute to the success of an entity such as: - Lack of knowledge the essential in the working environment, in particular bad behavior or IT control support - Lack of management by the directors and the governance people - Non- compliance with laws, regulations and corporate governance - Insider trading and other fraudulent actions, including selling securities, stocks or bonds to increase it's profit illegally. - Non-maintenance internal control procedures which can lead to misstatements and misclassifications of the transactions in the entity. The point of non-internal control in the corporation can lead to various problems and lead to ineffective management. To come up with a conclusion, any entity's need to adapt and plan carefully to succeed in today's dynamic environment with full of controls and efficiency during the procedures.
Feb 8, 2024 10:01 AM
Corrections · 1
Clearly, to reach a level of success in a business you must consider various factors to promote the idea of a business. Therefore, you have to obtain a competitive advantage over your competitors as a result of increasing the market share of your entity. Consequently, a range of variables may contribute to the success of an entity such as: - Lack of knowledge of the essentials in the working environment, in particular bad behavior or IT control support - Lack of management by the directors and the managers - Non- compliance with laws, regulations and corporate governance - Insider trading and other fraudulent actions, including selling securities, stocks or bonds to increase its profit illegally. - Non-maintenance of internal control procedures which can lead to misstatements and misclassifications of the transactions in the entity. The point of non-internal control in the corporation can lead to various problems and lead to ineffective management. To conclude, any entity needs to adapt and plan carefully to succeed in today's dynamic environment, with full control and efficiency during procedures.
Hi Kristi. "Some" is more-or-less repeating "various". "It's" - with an apostrophe, is a contraction of "it is". The possessive form doesn't have the apostrophe: "its". Be careful with the article "the". Here is a podcast I did, which explains how and when to use "the": https://www.italki.com/en/podcast/episode/coh1dyg1vpvszcpnwaecgn
February 8, 2024
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