OVERSIGHT Definition

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OVERSIGHT, in management, is overseeing the performance or operation of a person or group; or, generally, an unintentional omission resulting from failure to notice something.

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MONITORING is the evaluation of the firm’s system of quality control to provide reasonable assurance that it is designed appropriately and operating effectively.

OMITTED is to leave undone or leave out, i.e. to prevent from being included or considered or accepted.

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