Determine if there are any internal control weaknesses

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Question: Determine if there are any internal control weaknesses and how to mitigate it. Remember to use the WIR approach.

Ben owns a retail store. Recently a person rolled a high-end TV out of the store without paying for it. This was significant because the TV retails for $1,800. Ben puts the TV right by the front door to showcase them because they are big sellers. He says it is possible this is not the first time this has happened, since other items seem to have gone missing.

Ben also has three full-time staff and several part-time staff working in the store. They are all able to perform all functions, so no matter what a customer needs, they can do it. Ben says this is good because lately one of her new part-time hires has been the only one in the store when customers want to return items.

Reference no: EM133328081

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