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- Accounts Department: - Production Department Store Department - Human resource Department Prepare a summary that identifies the department,...

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Accounting

- Accounts Department:

- Production Department

Store Department

- Human resource Department

Prepare a summary that identifies the department, the weaknessor threat, and control that you will implement in the newsystem.

Discuss at least three internal control weaknesses or threats ineach of the four departments that you are working with (12 intotal).

Explain why a weakness exists and the steps that you willimplement in your new system to address these issues.

Answer & Explanation Solved by verified expert
4.4 Ratings (930 Votes)
Accounts Department Weakness Lack of Segregation of Duties Having No monetary Limits Travelling Expenses Disbursement of Expense So Lack of proper Internal Control Over usage of assets or resources Threats Creation of factious Expenses without actual Expenditure Disbursements more than limits not following limits Controls    See Answer
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