Question
You have just been hired by Global Gelatins. Your first assignment is to ensure that the correct alignment of risk and controls exists, and if
You have just been hired by Global Gelatins. Your first assignment is to ensure that the correct alignment of risk and controls exists, and if it does not, you need to create an updated version of an alignment and submit it for approval. Review the table below and 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 fixed asset reconciliations | |
Initially approve fixed asset purchase | |
Enter assets into the main fixed asset file | |
Tag fixed assets | |
Have employee review and sign a code of conduct | |
Have management review acquisition agreements | |
Ensure policies limiting fixed assets expenditures Are clearly documented and authorized |
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