Reference no: EM133443485

Question: Research the topic of internal controls and outline the set of these controls that would apply to your current, or a former, organization of which you are familiar. This could be government, nonprofit, or for-profit. The organization should have at least 40 or more employees. (Ask your instructor if you need an alternative option). Outline where there may be areas that could be vulnerable to fraud such as cash handling; financial statements; supplier relations; inventory; general company assets, or other areas. You may focus on one area of the organization if there is sufficient material for an in-depth analysis, that is, inventory controls for a large retailer). What are the associated internal controls management would want to have in place and why? How great are the risks of fraudulent activity in these areas to the organization? Which key management areas of the organization would be essential in assessing risks and implementing controls (that is, accounting, finance, production, operations, sales, warehouse, retail locations, or other areas) and why? How do those controls fit into addressing one or more aspects of a fraud model or theory?