Question: Briefly explain the internal control procedures that could be used to detect and/or prevent the following: n the theft of work-in-progress by factory employees, n
Briefly explain the internal control procedures that could be used to detect and/or prevent the following:
n the theft of work-in-progress by factory employees, n the issue of a production order for products that are already overstocked in the company’s stores, n the theft of completed production by stores clerks, n the incorrect recording of time worked by factory workers (100 hours was claimed instead of 10 hours), n the theft of expensive production equipment by the factory production manager.
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