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  1. business
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  3. consider the following partially completed risk/co

Consider the following partially completed risk/control matrix as you answer the questions Risk category Liquidity...

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Accounting

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Consider the following partially completed risk/control matrix as you answer the questions Risk category Liquidity risk Internal control purpose Preventive Comments Acquisition / payment process duties Dividends paid to the wrong shareholders Sharp increases in bad debts Interest rate increases on adjustable rate debt Internal audit of database Credit risk Preventive Sales/ collection process Market risk Establish and enforce a company policy to only take on fixed rate debt Assume the risk/control matrix is organized like the one presented in the chapter. The best entry for ltem G is Error rates less than 5% are allowable Finance process O Either financing process or error rates less than 5% are allowable ( Neither financing process nor error rates less than 5% are allowable

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