• Identify the type of company you own and briefly describe the nature of your business. Perhaps you sell shoes, clothing, furniture, or computers. You might own a restaurant or a small drug store or small walk-in health clinic.
• Identify at least two kinds of internal control procedures that you can implement to protect your cash.
• How would you protect the inventory in your warehouse?
• How would you protect the cash in your cash register?
• How would you protect your electronic data, such as banking information?
• How can internal controls help to protect these assets?
• How can you use technology to implement an effective internal control system to help your business? Explain your answers.