Greater emphasis on formal management controls and close reporting systems tend to be present in:

Question

Quizplus · Accepted Answer

The USA is known for having a strong emphasis on formal management controls and close reporting systems, particularly in larger corporations. This is reflected in the regulatory environment, accounting standards, and corporate governance practices in the country. European and Asian firms may also have similar practices, but the emphasis on formal controls may not be as strong as in the USA. Australian firms may have a similar focus on management controls, but the degree to which they are used compared to the USA is unclear.

Greater Emphasis on Formal Management Controls and Close Reporting Systems