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Gen Z motors recently did an audit of their operations and it was identified that there are significant weaknesses in the areas listed below that
Gen Z motors recently did an audit of their operations and it was identified that there are significant weaknesses in the areas listed below that exposes the company to fraud and increases in write offs. As the new senior accountant, prepare a detailed proposal to your Chief Financial Officer that outlines the measure you suggest implementing to improve on these areas: 1. Poor internal control 2. Improper treatment of cash and cash equivalents 3. Not accounting for the transfer of receivables 4. Improvements needed in the recognition and measurement concepts to notes receivable
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