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Nenemin Tendiri Co operates in a bakery industry for five years. There are some internal...

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Accounting

Nenemin Tendiri Co operates in a bakery industry for five years. There are some internal activities which waits fort the resolution. Overtime sheets are completed by the employees themselves. Accuracy of these sheets are not checked by authorised person. There is one HR specialist who completes clock-in and clock-out times of the employees and calculates salary with their statutory deductions. This information afterwards submitted to the Accounting Department.

There are number of gaming boxes and games in the companys inventory. Everyone inside the company may easily access to these games.

Required: Explain defficiencies in Internal Control and explain their possible consequence. Provide control activities to overcome these problems

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