internal control

Project Description:

identify one or more control procedures (either general or applications controls or both) that would guard against each of the following errors or problems.

d. the blue mountain utility company was having difficulty with its customer payments. the payment amounts were entered directly onto a terminal, and the transaction file thus created was used to update the customer master file. among the problems encountered with this system were the application of customer payments to the wrong accounts and the creation of multiple customer master file records for the same account.
e. the landsford brothers had lived in center county all their lives. ben worked for the local mill in the accounts payable department and tom owned the local hardware store. the sheriff couldn't believe that the brothers had created several dummy companies that sold fictitious merchandise to the mill. ben had the mill pay for this merchandise in its usual fashion, and he wrote off the missing goods as "damaged inventory".
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Price Type: Negotiable

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