Paul Jones is the accountant for a large company that produces and sells machinery. One of Paul's month-end responsibilities is to review the bank reconciliation that ties the bank balance to that reflected on the financial statements. The company has an average balance in the cash account of around $2,000,000, with many inflows and outflows occurring daily. Over the past 3 months, Paul has detected shortages in the account anywhere from $1,000 to $3,000 monthly. He has become concerned about this reoccurring issue and approaches his boss. After hearing the details, the boss responds "Ah, don't worry Paul, it's a really immaterial amount that the company doesn't miss. With as many transactions as we process, there's no way that we could ever balance to the penny!" After the chat, Paul has a funny feeling and is not sure whether to take the advice or to make further inquiry.

1. in this scenario does paul have a valid concern?
2. What might be the bigger problem occurring within the company and what are some steps that can be taken to resolve it?

provide as many possibilities to the questions