What type of an audit is Musk utilizing? Explain
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What type of an audit is Musk utilizing? Explain |
Here is a tip:
Auditing refers to systematically verifying a company's finances and operating procedures.
Explanation
Individual M aims to reduce the expenses of the company, wherever possible. To do so, the employees of the company have been asked to cut down the expenses that are not absolutely required. The employees have been given a threshold of a million dollars. If an employee exceeds the accumulated expense, they are then instructed to put the same on hold, until further notice. So, the process involves the verification of the current expenses of the company, by the employees.
Verified Answer
Company T uses an internal audit system to keep a check on the expenses it incurs in the production of Model 3. A step is taken to reduce all expenses that do not hold a strong reason to be made.
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