When you are counting, you want to be sure you are not double counting, that everything you see belongs to the firm (no consignments), and that items in transit are included or excluded properly. You are also concerned with costing of the ...
Your discussion is brief (202 words) and gives three examples of inventory fraud schemes and explains the key factors in physical counts.
Weighing risk against return, is insurance beneficial, internal control systems and more...
I got help for these questions and got into trouble for plagiarism, Could you please help me answer them without plagiarism
How would you weigh risk against return? Is there a point when return makes risk invalid? Explain your answer well.
When is insurance beneficial? Is insurance ever not beneficial? Explain your answer very well.
Where would you begin an evaluation of an internal control system? Please explain why?
What are some major components of an internal control system? Are these components always necessary? Explain your answer.
Explain the details of a fraud scheme that internal controls, due to inherent limitations, cannot impede
Describe some considerations for observing physical inventory. Explain a fraud scheme that could be used for inventory.
Explain how a company's growth can outpace current controls and provide an example
Explain some major risks inherent in the payroll cycle. How can these risks be mitigated?
Explain how controls and security are related for information assets
Explain the links between business continuity, system availability, and disaster recovery?