Imagine that a coworker wants to circumvent an internal control to steal money

Imagine that a coworker wants to circumvent an internal control to steal money

Internal Controls

Imagine that a coworker wants to circumvent an internal control to steal money from your company. Speculate on two (2) internal controls that your coworker might attempt to circumvent in order to steal the money. Recommend two (2) actions that the company could take in order to prevent the theft.

Outline an anti-fraud program that you would implement at your company (current or previous). Suggest the approach you would take to sell this program to your senior executives. Provide a rationale for your response.

Solution preview

Internal control is the process by which an organization achieves its objectives by enhancing efficiency and effectiveness in operations, fostering reliable financial reporting and ensuring compliance with laws and regulations. Essentially, internal control is mandated to reduce risk and uncertainty to the organization………………….

APA

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