Internal Control Abbott Inc. is expanding and needs to hire more personnel in the accounting offi ce.
Question:
Internal Control Abbott Inc. is expanding and needs to hire more personnel in the accounting offi ce.
Barbara Barker, the chief accounting clerk, knew that her cousin Cheryl was looking for a job. Barbara and Cheryl are also roommates. Barbara offered Cheryl a job as her assistant.
Barbara will be responsible for Cheryl’s performance reviews and training.
Required 1. List some problems with the proposed personnel situations in the accounting department.
2. Explain why accountants are concerned with the hiring of personnel. What suggestions would you make to improve internal control at Abbott?
3. How would you explain to Barbara and Cheryl that they personally are not the problem?
AppendixLO1
Step by Step Answer:
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter