The CFO has asked for your assistance in developing internal controls in the sales and cash business areas Write a report of 1400 to 2100 words describing the typical activities and outlining an effective system of internal controls for the Sales Sales Returns and Cash Collections business areas Analyze and discuss the associated risks in these areas Describe specific internal controls that include authorization of transactions segregation of duties adequate records and documentation security of

Answer rating: 100% (QA)

Internal control system Internal control is all of the policies and procedures management uses to achieve the following goals Protect or safeguard assets from accidental loss or loss from fraud Ensure ... View the full answer