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Companies lose millions of dollars each year through employee theft and fraud. To prevent this, internal controls are implemented. We will examine the types of controls companies use, and discuss what happens when these controls are missing. Consider this scenario: You own a small business with 25 employees. In your initial post, explain which internal controls you would use to protect your assets and ensure that your financial statements are accurate.

Date Posted: 01/07/2018
Category: Business
Due Date: 01/07/2018
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    User_4523 | Sep 25, 2018, 14:36 PM
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    User_14067 | Sep 25, 2018, 14:57 PM
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    User_4523 | Sep 25, 2018, 15:01 PM
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    User_14067 | Sep 25, 2018, 15:03 PM
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    User_4523 | Sep 25, 2018, 20:42 PM
  • Did you read it fully ?
    User_14067 | Sep 25, 2018, 21:44 PM
  • hi, i thought this is the question where to address ""In your initial post, explain which internal controls you would use to protect your assets and ensure that your financial statements are accurate.""
    User_4523 | Sep 25, 2018, 21:46 PM
  • this is where i based my argument listing the six Internal Controls. or how did you understand the question?
    User_4523 | Sep 25, 2018, 21:47 PM
  • This was the question Consider this scenario: You own a small business with 25 employees. In your initial post, explain which internal controls you would use to protect your assets and ensure that your financial statements are accurate.
    User_14067 | Sep 25, 2018, 22:27 PM
  • but i think i have still addressed properly, or where would you link me to revise? because the main issue to address is the internal control to protect asset and prevent misrepresentation of the financial statement. which i have feel i have addressed
    User_4523 | Sep 25, 2018, 22:33 PM
  • The issue that needs to be addressed is the senario of owning a small company and which internal control would you use...you gave more of a definition of the control system
    User_14067 | Sep 26, 2018, 00:19 AM
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    User_4523 | Sep 26, 2018, 08:02 AM
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