Tenacity Corporation is a medium-sized private company that sells auto parts. Blake Pike has been with the

Question:

Tenacity is a medium-sized private company that sells auto parts. Blake Pike has been with the company from the beginning, ordering the auto parts, taking delivery of the parts, and authorizing payments for them. Blake often signs cheques and prepares the bank reconciliation if the controller is on vacation. The company has grown in size from five employees to 25. Annual sales have increased tenfold. Blake is still performing the same tasks as he was when the company was small and he says that he does not need any help.
Instructions
Write a letter to L.S. Osman, owner of Tenacity which outlines a plan to improve internal control within the organization given its recent increase in size. Highlight in your letter any weaknesses you are currently aware of and suggest specific recommendations?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...