An employee of Ellerback Event Planning recently stole thousands of dollars of the company's cash. The company

Question:

An employee of Ellerback Event Planning recently stole thousands of dollars of the company's cash. The company has decided to install a new system of internal controls.
Required
As controller of Ellerback Event Planning, write a memo to the owner, Nick Flewelling, explaining what internal controls are and how they can benefit the company.