The management at Sampson, Inc. understands that an effective internal control system provides many positives. Among these positives are reliable financial information that enables management to make educated decisions with an opportunity to prevent or detect errors. The internal audit staff at Sampson conducts a periodic review of the organization’s accounting records in order to determine if the system for internal controls is effective.
In the latest audit, the staff found the following situations:
In a three page paper (not including the title and reference pages), analyze the seven situations of this case study and discuss the possible cause of the situation. Utilizing scholarly research, write appropriate recommendations to management concerning operational changes or internal control revisions that should be implemented to correct problem situations.
Requirements
Cite all references (no more then 2)
APA STYLE
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