4. Interestingly enough, the financial arena is a combination of formalization and organic structures. As a tax accountant, I am bound by rules and regulations that clearly define processes and procedures that I need to follow. The Sarbanes-Oxley Act of 2002 requires that accounting professionals adheres to strict principles, and this law wat put in place to promote transparency (Anonymous, 2006). As a result, this ruling is considered a best practice. On the other hand, the decentralization of decision making is prevalent because in my profession, team members are educated and equipped to handle individual clients. based on their various situations. For this reason, team members should have a wide span of control. With this being said,
