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Question 4 What internal control or procedure(s) would provide protection against the following threats? 1. A production order was initiated for a product that was
Question 4 What internal control or procedure(s) would provide protection against the following threats? 1. A production order was initiated for a product that was already overstocked in the company's warehouse. 2. A production employee stole items of work-in-process inventory 3. A production employee entered a materials requisition form into the system in order to steal $300 worth of parts from the raw materials storeroom 4. A parts storeroom clerk issued parts in quantities 10% lower than those indicated on several materials requisitions and stole the excess quantities. 5. A production manager stole several expensive machines and covered up the loss by submitting a form to the accounting department indicating that the missing machines were obsolete and should be written off as worthless
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