The fundamental characteristic of the corporateform of business organization that gives rise to the need for governance mechanism is: A.the seperation of ownership and control B.mutual agency C.the abuses by professional managers D.the lack of

Management oversight on internal controls and communication is a key in successfully implementing the financial strategies of any organization. Management cannot do every single aspect in the company, and must rely on communication and ethical conduct to get business done. How does the specific authorization and management oversight of financial capital processes affect internal controls? Provide examples of failed authorization and successful authorization of internal controls and the financial capital outcomes.