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The accountant of Bulsara Co. is so busy that the company handles petty cash a bit differently. All employees have access to the petty cash
The accountant of Bulsara Co. is so busy that the company handles petty cash a bit differently. All employees have access to the petty cash in a desk drawer and are asked to only place a note if they use any of the cash. Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain which internal control procedure has been violated in the Bulsara Co. case (10 points) and (2) what would you recommend for improvement.
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