Question: Discuss recommendations to strengthen the Sensormatic's internal control system for the prevention of financial statement fraud. Make logical and realistic recommendations to the company management
Discuss recommendations to strengthen the Sensormatic's internal control system for the prevention of financial statement fraud. Make logical and realistic recommendations to the company management to strengthen their internal control systems. These must be supported by external resources. Each recommendation should include a clear description as well as a discussion that specifies how the recommendation would strengthen internal control. You should also identify the challenges a company might face in implementing each recommendation.
Recommendations:.
A- Description: Specify each recommendation with a clear description. Your recommendations must be logical and realistic and must be supported by external resources.
B- Strengthen Internal Controls: Describe how each recommendation would, in fact, strengthen the internal controls of the company to prevent fraud.
C- Challenges: Discuss the challenges the company might face in implementing each of your recommendations.
Recommendations:.
A- Description: Specify each recommendation with a clear description. Your recommendations must be logical and realistic and must be supported by external resources.
B- Strengthen Internal Controls: Describe how each recommendation would, in fact, strengthen the internal controls of the company to prevent fraud.
C- Challenges: Discuss the challenges the company might face in implementing each of your recommendations.
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Sensormatic Internal Controls Overview The financial frauds at Sensormatic originated from the improper timing of revenue recognition through holding the finance books open even after the close of sti... View full answer
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