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.

Citations and Attributions Support your response with cited sources using APA style.