Imagine you are in charge of an accounting department for a well$-$known firm in the community where many of the community residents are patrons.

In your submission, which should be a minimum of $3$ pages, ensure you do the following:

Define what an internal control is and why it is important in accounting.

Select an accounting area that would require internal control.

Identify what area that would be and why.

Define what policies you would put into place.

Explain what components of the policies you would include and why.

Explain if your controls are preventative or detective, and why.

What are the negative ramifications if no internal control is implemented?