internal control Read the IMA Case,Lack of Internal Controls: Beaumont Independent School District, and chooseoneof the following schemes:

Lack-of-Internal-Controls-Beaumont-Independent-School-District Case.pdf

Booster Club Fund

Medical Magnet Program tuition funds and student transcript fees,

Cash funds and scholarship donations,

Catering ad food service, and

Printing services provided by Brian Collins, BISD employee Patricia Adams Lamberts son.

Answer the following questions for the scheme selected:

Use specific examples to identify weaknesses that existed in the internal control environment at BISD. Based on the identified weaknesses, what improvements to the control environment would you recommend?

List and discuss several control activities that could have been used by BISD to prevent and/or detect the misappropriation of funds perpetrated by Patricia Lambert. Pick more than one scenario, and discuss how the control activities would be applied in each scenario.

Do you think BISD has effectively identified risks surrounding purchases from vendors and cash receipts? Identify these risks, and suggest procedures that should be implemented in response to those risks

Post Requirements: