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1. Internal control systems Identify one potentially important internal control risk for...

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Accounting

1. Internal control systems

Identify one potentially important internal control risk for a company like Flowers that bakes bread and makes snack cakes. Try to identify a risk that is likely to be particularly acute (important and troubling) for a bakery. For the potential internal control risk you select do the following: a) identify the internal control risk, b) describe why that risk is likely to be a problem for a bakery, and c) identify one or more steps or procedures that the firm can take to reduce the risk or to mitigate (lessen) the impact of the potential internal control risk.

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