Unformatted text preview: areas of the companies, to ensure proper use of checks and balances. The company does not however have a great method of analysis and recognition of wheatear of its risk assessment. Throughout the entire process approval and stamps of approval are needed in order for the order to be further processed. The internal controls are properly segregated as well, including the sales division, inventory division, accounts receivable/credit recognition, controllers, and assistant and/or presidential approval. The main issue we have regarding the companies information and computer systems is that they use a third party computer center in order to keep track of their perpetual inventory. This could provide an issue and now part of the internal record keeping and control process is outsourced to an external company....
View Full Document
- Fall '07
- permanent file, Lakeside, Heyman