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You are a new hire in the Accounting department of Gellin's Gelatins, a global manufacturer of snack foods. For your first assignment, you must review

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You are a new hire in the Accounting department of Gellin's Gelatins, a global manufacturer of snack foods. For your first assignment, you must review the risk and controls for foxed asset acquisitions to ensure that the correct alignment of risk and controls exists, and if it doesn't, you need to create an updated version of the alignment and submit it for approval. Match each control with the risk it is intended to mitigate. Control Risk Non-collusion affidavits Periodically review physical assets Have management review accounting transactions Perform foxed asset reconciliations Initially approve foxed asset purchase Enter assets into the main foxed asset table Tag fixed assets Have employee review and sign a code of conduct. Have management review acquisition agreements Ensure policies limiting fixed assets expenditures Are elearly documented and authorized Acqualtions not beins confucted in adherence with policy fixed asset being expensed instead of being capitalized Frudulent bidding Fraudulent bidding or approval of non-budgeted items eTextbook and Media Improperuse of the asset. Inability to propenly track the aswet

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