Identification of Controls}

Controls are important in any organization. Controls are in place to assist with minimizing the chance of fraud occurring and safeguarding assets of an organization. Controls are around us on a daily basis and at times we don't even realize it. In order to understand how effective controls can be in an organization, it is important to be able to identify those controls.

Think of the following situations and identify the different control activities that are present. Identify the control and explain how the control would work to safeguard the assets of the organization.

a. Local coffee shop

b. Sporting event

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