Unformatted text preview: • Availability of information when needed. Deadlines, time needed to complete the project, costs associated with the project, and priority needs are apparent in these criteria. Costs are frequently attributed to time shortcomings or failures. • Economic feasibility. Effective control systems answer questions such as, “How much does it cost?” “What will it save?” or “What are the returns on the investment?” In short, comparison of the costs to the benefits ensures that the benefits of controls outweigh the costs. • Accuracy. Effective control systems provide factual information that's useful, reliable, valid, and consistent. • Comprehensibility. Controls must be simple and easy to understand....
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- Fall '11
- Management, effective control systems