No it is not. I work in Project Controls. Contols is a concept. It does not matter what systems the financials are runnning on. And this is not a huge company. Maybe if they had to implement SAP or something, one could make this excuse. But, excuse me... JBI is 50 employees or so? ALmost anything will do.
THey are talking about Cost Control.
Means people are spending money left right and center with no approvals.
By my readin of the para, they were late because mistakes were made and transactions had to be recoreded late. Also, the results may be wrong now or in the future for the same reasons.
I bet there was alot of internal discussion between JBI and the CFO over that...
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