Reference no: EM133138268

Question - Steve Fitchett has been managing the Kenyan SafariCamp hotel's souvenir and camera supplies shop for 11 years. Sue Rodwell, who acts as shop assistant, operates the cash register and records the daily takings on a cash receipts form that she signs and gives to Steve. As this is a relatively small shop, Steve performs most of the shop's management functions including preparing bank account deposit documentation and preparing the shop's monthly bank reconciliation statement. Stock in the shop is reordered by Steve when items appear low, as no on-going account of the items held in stock is maintained. The stock balance is determined at the end of the year by way of a stock count, conducted by a member of the accounts team.

Required - Identify and describe any internal control shortcomings you see in this SafariCamp hotel shop scenario.