The lack of timeliness and specificity in financial variances force organizations to use primarily non-financial controls to ensure that they are meeting organizational objectives.

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Financial variances can often occur after the fact, making it difficult for organizations to address them in a timely and specific manner. Therefore, non-financial controls such as performance metrics, process improvements, and communication strategies may be used to ensure organizational objectives are being met.

The Lack of Timeliness and Specificity in Financial Variances Force