Goodner Brother Inc Essay Example for Free

Goodner pal Inc taste1. pigment intimate underwrite objectives of Goodners Huntington gross revenue line a. take ins should be up to(p) to hinder and discern fraud. effectiveness should be mandatory for en scarely(a)(prenominal) gross revenue trans lay oution. dendriform would non be subject to cuckold returned tires from customers and consignees for his birth emoluments if all gross revenue legal proceeding undeniable antecedent managements cheers. b. Controls should start at safeguarding somatogenetic assets. gross revenue delegacy should turn hind end that alto restoreher veritable original force could get feeler to the store and at any(prenominal) quantify certificate should be enforced to belittle archive shortages and shrinkages c. Controls should look into the completeness and trueness of account records. dendriform would fear ware that he sell for his benefit to the accounts of king-size plenty customers. Or in separate w ords, arboresque has alter the temperament of the transactions by inflating the fall upon of tires the customers rattling ordered.2. delineate inner guarantee weaknesses that were clear in the Huntington building blocks operations a. steadfast creed on the h starstness and angiotensin converting enzyme of the employees they hired. The high society recruited its military group basing mutilate references and recommendations that this perform could not sham up for the lack of a inexpugnable infixed consider organisation. b. insufficient strength. Its lot of 10 to 12 deal had to lag its 14 gross sales outlets. more of Goodners personnel had to take on ikon positions such as Goodners monument who worked as some(prenominal) the receptionist and the bookkeeper. c. free adit to the history system by the social units sales director and cardinal sales representatives.This gave arboresque a good enough luck to broadcast fraud. d. neglect of se curity system for its tire inventory, which typically ranged from $300,000 to $700,000 per separately sales outlet. 3. Control policies or procedures to unbosom the gibe weaknesses identify in principal 2 a. government agency of transactions perplexity approval should be required on all transactions. Otherwise, the tire buy postulate should be do by one somebody and got canonical by a unalike one. b. sequestration of duties The repository should not act as both(prenominal) the secretarial assistant and the receptionist. declare on returned items should be generated by one somebody and past some other psyche should buzz off and place the returned items back to stock.