Question: list two examples of internal control you have noticed or utilized either at a job or anywhere else. Also discuss how these internal controls prevent

list two examples of internal control you have noticed or utilized either at a job or anywhere else.

Also discuss how these internal controls prevent fraud or errors.


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!

Q:

list two examples of internal control you have noticed or utilized either at a job or anywhere else. Also discuss how these internal controls prevent fraud or errors.

Q:

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Q:

Hello, This is a project for a Fraud Investigation Class. I need help with getting this project done. I have attached the Rubric. I have been assigned to Case D: Sandhog's Union Local 147. Please...

Q:

Hello, This is a project for a Fraud Investigation Class. I need help with getting this project done. I have attached the Rubric. I have been assigned to Case D: Sandhog's Union Local 147. Please...

Q:

Explain the relevance of the procedural role of the forensic accountant in this specific fraud examination. Outline which fraud schemes could impact the organization during this specific fraud...

Q:

(CASE STUDY )Company Information: ABC Company is a large automotive dealer company operating in the field of automobile retailing that is owned by a big Holding Group Company XYZ. ABC Company buys...

Q:

Taking a close look at payroll risks can enable internal auditors to help their organizations save money and identify wrongdoing. ayroll can amount to 40 percent or more of an organiza- tion's total...

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

What principles did you learn from the red bead experiment? Discuss.

Q:

Research Triangle Software Innovations (a GVV case) Research Triangle Software Innovations is a software solutions company specializing in enterprise resource planning (ERP) business management...

Q:

Future value of an annuity For each case in the accompanying table, answer the questions that follow. Case Annuity payment $ 2,500 500 30,000 11,500 6,000 Interest rate Annuity length (years) 8% 10...

Q:

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Q:

3. Identify challenges to good listening and their remedies

Q:

4. Identify ethical factors in the listening process

Q:

2. On a blank piece of paper, begin listing all the co-cultures to which you belong. How many can you come up with? How do they overlap? If someone asked you to identify yourself by using only one of...