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One of the hardest assets to control within an organization is cash. Describe what types of internal controls should be established, maintained and reviewed over
One of the hardest assets to control within an organization is cash. Describe what types of internal controls should be established, maintained and reviewed over the cash payments and cash receipts area. Indicate at least 2 of these internal controls in your response, and explain why they are important to deter fraud and embezzlement from occurring. Also, discuss that although internal controls can be limited in small businesses with few employees, what can the company do to work around this issue (what procedures can be established) to compensate for a lack of separation of duties
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