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Is it feasible to only employ people of high integrity or implement a system of internal controls that can prevent fraud, waste, and abuse no matter who is employed?
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Management often wants the benefits of work to equal or exceed the cost. Discuss the following:
- How does the benefit of a comprehensive annual financial report (CAFR) seem worth the expense from your perspective?
- How could management information systems provide too much information for a decision maker?
- How would you describe the impact of fiscal strain on one of the cities or nonprofit agencies you selected for the final project? How would the tax codes affect the fiscal strain?
- Is it feasible to only employ people of high integrity or implement a system of internal controls that can prevent fraud, waste, and abuse (FWA) no matter who is employed?
Explain your responses with examples.