Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello! Please, I NEED YOU! I have post the same question several times and nobody answer me.. I need you. ASSIGNMENT : I have an

Hello! Please, I NEED YOU! I have post the same question several times and nobody answer me.. I need you.
ASSIGNMENT:
I have an assignment where I need to develop a list of 10 internal controls that will help safeguard the company. (It is an event management company). The previous accountant has been terminated for misappropriating funds. So, now I need to find 10 internal controls, provide description of each including how they work, what will prevent and how I will determine if it is being enforced. please, help me as soon as possible. This grade define my whole grade. Thank you so much for your kindness, time and help!!! Bellow is the assignments instruction.
image text in transcribed
Congratulations! You have been promoted to Production Accountant. Unfortunately, the previous Production Accountant has been terminated for misappropriating funds. Understandably, The President of the company is greatly concerned about the lack of internal controls. To assist you in this assignment several videos can be found in the reference section of the assignment. Your assignment this week is to establish a system of internal controls that will help safeguard the company. To this end, you will need to come up with a list of 10 internal controls for management to review. Your list should be in order of importance with the most important ones listed first. For each control suggested, please provide a description of the control including how it what it will prevent and how you will determine if it is being enforced. will work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions