Question: Comment on the specific risks ( if any ) that are caused by the following combination of tasks. A sales manager, who works on commission

Comment on the specific risks (if any) that are caused by the following combination of tasks.
A sales manager, who works on commission based on gross sales, approves credit, and has the authority to write off uncollectible accounts.
The warehouse clerk, who has custodial responsibilities over inventory in the warehouse, updates the inventory subsidiary ledger and prepares an inventory summary for the general ledger department.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!