Internal Controls

User Generated

ygurhf

Business Finance

Description

"Internal Controls"

Please respond to the following:

  • Imagine that a coworker wants to circumvent an internal control to steal money from your company. Speculate on two (2) internal controls that your coworker might attempt to circumvent in order to steal the money. Recommend two (2) actions that the company could take in order to prevent the theft.
  • Outline an anti-fraud program that you would implement at your company (current or previous). Suggest the approach you would take to sell this program to your senior executives. Provide a rationale for your response.

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Explanation & Answer

please find the attached file. always a pleasre working with you again. good bye

Running head: INTERNAL CONTROLS

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Internal Controls
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INTERNAL CONTROLS

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The Coworker can commit fraud by circumventing sales controls, as well as the
payables controls in place. As they handle sales, they might transfer money from the cash
register into their pockets and by deleting all records reflecting these sales. The coworker
might also quote a higher amount for the sales by mani...


Anonymous
Excellent resource! Really helped me get the gist of things.

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