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How does the mentioned below things creates oppertunity to commit Missappropriation of Assets ? (For each Detaile explain please) 1. Excessive cash in hand. 2.

How does the mentioned below things creates oppertunity to commit Missappropriation of Assets? (For each Detaile explain please)

1. Excessive cash in hand.

2. Portable and precious inventory or fixed assets.

3. Deficiencies in internal control over assets

4.Inadequate segregation of duties for assets (e.g. cash, inventory).

5.Inadequate record-keeping and reconciliations for assets.

6.Inadequate physical safeguards over tangible assets.

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