Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the office manager at a-1 technology a software co

The office manager at A-1 Technology a software company was recently arrested. she used company...

50.1K

Verified Solution

Question

Finance

The office manager at A-1 Technology a software company was recently arrested. she used company funds to purchase laptops cell phones gaming system and others that dhe snuck out of the office and sold in her neighbourhood. other employees noticed an increase in deliveries as well as deliveries from unusual vendors. when the situation was investigatex it was discovered that the office manager was altering invoices to look like the company was being billed for inventory rather than the electronic items that she was buting through the company and then stealing
Required
1. Think of the acronym Crime which stands for components of internal control
@
a) name two of these components of internal control and explain what each one is
b) tell how these components are weak in the above scenario
2. give 2 suggestions for how A-1 technology can improve internal control over the purchasing and cash payments processes

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students