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Explain the term- administration of decisions
Conformance, compliance and efficiency
This is focussed on the "administration of decisions".
Processes and procedures must be regularly reviewed.
This would ensure that decisions are made on results of company that are timely, accurateand relevant.
Audit programmes and procedures must be drawn up ensuring effective coverage of financial, operational, management and compliance issues. For instance, reporting standards, regulations, safety and health, competition and security.
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