Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Evaluate the organization chart from the standpoint of internal control (proper segregation of duties between authorization, custody and recording). List any weaknesses in the structure,
Evaluate the organization chart from the standpoint of internal control (proper segregation of duties between authorization, custody and recording). List any weaknesses in the structure, and suggest any changes that would help improve internal control.
President Larry Lancaster Secretary Louise MeWhorterailroom McWhorterClerk GeraldKlett Sales Manager Ellen Jacobs Controller Parker Shelton Treasurer ilian Stockton Production Superintendent Theodore Brown_ Bookeeper Accounts Donald McKenna Production Foreman Terry FreitagCheryl Palmer Purchasing Agent Cashier Sales StaffCredit Manager Brenda Robertson ayable ClerkPam Lewis Dave Dull Accounts Receivable Clerk Simon Swift Receiving Dock Shipping dock Inventory Manager Bill BeauchampGeorge EversAnitaDavis Manage ClerkStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started