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Provide the internal control weakness

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Reference no: EM132911001

For each of the given misstatement cases, provide the internal control weakness and the internal control measure that could have prevented it from happening.

  1. Tools necessary for the maintenance of equipment are stolen by company employee for their personal use
  2. Several accounts receivables are in dispute as a result of claims of defective merchandise
  3. Cash receipts was overstated in the books by transferring cash between bank accounts without recording in the books to cover up the embezzlement of cash
  4. A disbursement is made to pay an invoice for goods that have not been received
  5. A bookkeeper prepares a check for himself and records it as having been issued to a supplier

Reference no: EM132911001

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