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How can root cause analysis be performed?
by asking "five whys"
What does a true root cause analysis seek?
to understand why good people make bad decisions
What is the essential element in moving from a finding to a conclusion?
auditor judgement
What are cycle counts?
continuous counting of inventory based on inventory items' respective risk catagory:
Catagory A: monthly
Catagory B: quarterly
Catagory C: anually
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