Class:
Stick to this scenario:
Specifically, you must address the following rubric criteria:
- Role of Internal Controls
Explain the role of internal controls in business settings. Also, explain how not having internal controls in place may impact the accurate analysis of any wrongdoing. - Recommendations
- Recommend at least two internal controls that should be put in place to prevent inventory from going missing, noting any assumptions you are making about the root cause of the missing products and how your recommendations will help address them.
- Recommend at least one control that should be put in place to alert the owner if something is actually missing.
- Financial Statements
If you found that two $400 HD televisions were missing, explain which financial statements you would correct and how. Be specific as to accounts and amounts.
You should write the paper with these headings:
Role of Internal Control
Recommendations
Financial Statements
Also, look at the rubric. It will tell you what is needed to receive the most points.
Finally, do not forget CITATIONS!!
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