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For your selected case... (a) Identify the internal control principle(s) that are violated (refer specifically to one or more of the seven Principles of Internal
For your selected case... (a) Identify the internal control principle(s) that are violated (refer specifically to one or more of the seven Principles of Internal Control discussed on pp. 342-344 of your textbook); and (b) Make clear and specific recommendations for how the company can improve its internal control procedures 1. Establish responsibilities. 2. Maintain adequate records. 3, Insure asse vees 4. Separate recordkeeping from custody of assets. ts and bond key emplo 5. Divide responsiblity for related transactions. 6. Apply technological controls 7. Perform regular and independent reviews 3. Nori Nozumi posts all patient charges and payments at the Hopeville Medical Clinic. Each night Nori backs up the computerized accounting system to a tape and stores the tape in a locked file at her desk
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