Question: Discussion Assignment #2- 10 points Learning Outcome - identify and illustrate how the principles of internal control are used to manage and control a firm's

Discussion Assignment \#2- 10 points Learning Outcome - identify and illustrate how the principles of internal control are used to manage and control a firm's resources and minimize risk. Instructions Background facts Badi Buster owns a rapidly growing company named Video Buster. Badi has decided that it may not be necessary to prepare a bank reconciliation for her company. She regularly reviews her online bank statement for any unusual items and feels that is sufficient. It is now June, 2022 and Badi's company has grown substantially and, yes, imagine that the general public still rents videos. - Before making your first post please review the score rubric that will be used for your score, to see it please select the three vertical dots above. First Post - Describe how preparing a bank reconciliation and Badi's online review of the bank statement differ. (2 points) - Identify and explain at least two frauds or errors that may be uncovered if Badi completes a formal bank reconciliation, and how each may not be discovered through an online review her bank statement. (6 points) Second Post - Respond to a classmate's post - Do you agree with your classmate's conclusion? Why or why not? (2 points) Aeeinnmant Duhrir Dataile
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