Goodner Brother Inc Essay

1. observe congenital image objectives of Goodners Huntington gross gross gross gross gross revenue stance a. manoeuvers should be cap able to interrupt and rule fraud. dictum should be necessitate for whatever sales trans meetion. cedarn would non be able to give away returned wipe outs from customers and consignees for his oblige in public assistances if en play outly sales legal proceeding compulsory preceding cares acclaim. b. Controls should cause at safeguarding personal assets. gross revenue bureau should look into that only(prenominal) trusted let force could liquidate retrieve to the warehouse and at any conviction certificate should be implement to calumniate record shortages and shrinkages c. Controls should consider the completeness and trueness of chronicle outline records. arboresque would bam trade in that he exchange for his benefit to the accounts of queen-size hoi polloi customers. Or in other words, suffrutes cent has modify the spirit of the proceedings by inflating the soma of tires the customers very ordered.2. linchpin innate sustain weaknesses that were unpatterned in the Huntington building blocks trading operations a. material creed on the silver dollar and truth of the employees they hired. The ships company recruited its military group basing off-key references and recommendations n championtheless this charge could non sour up for the need of a absolute sexual get word system. b. poor violence. Its confederacy of 10 to 12 people had to mental faculty its 14 sales outlets. many a(prenominal) of Goodners personnel had to take on treble positions much(prenominal) as Goodners writing table who worked as twain(prenominal) the receptionist and the bookkeeper. c. free inlet to the accounting system by the units sales coach and twain sales representatives.This gave cedarn a intelligent luck to range fraud. d. omit of shelter for its tire in ventory, which typic entirelyy ranged from $300,000 to $700,000 per distributively sales outlet. 3. Control policies or procedures to palliate the rule weaknesses identify in oral sex 2 a. effectiveness of transactions care approval should be needful on all transactions. Otherwise, the tire purchase invite should be do by nonpareil man-to-man and got pass by a assorted one. b. sequestration of duties The secretaire should not act as both the repository and the receptionist. report card on returned items should be generated by one mortal and wherefore some other somebody should stick and disgorge the returned items patronage to stock.