INTERNAL CONTROL WEAKNESS Definition

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INTERNAL CONTROL WEAKNESS is a defect in the design or operation of internal controls.

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GARBAGE IN, GARBAGE OUT (GIGO) is an often used computer and software industry saying meaning that if the data going into a system is suspect, the resulting data output will be suspect.

BUDGET DEFICIT is usually the difference between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.

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