Question

Question 1 5 pts You began your new job as the accountant at Bolivar Industries during the month of December. During your first month, you found several interesting issues. 1) While looking through the invoices, you found Invoices 213-242, 245-271, and 275–290. It appears that invoices 243, 244, 272, 273, and 274 are missing. 2) During the month, Clerk # 3 issued $250 in refunds as compared to Clerks #1, #2, and #4 who issued less than $50 each. 3) The daily cash receipts and bank deposits reconcile, except on Tuesdays during the month. 4) Business is generally brisk during the holiday season, but two weeks before Christmas there was a sudden increase in slow payments. Required - answer the following questions. Make sure your answer is substantive and have, at least, 50 words per question. (a) What kind of warning signs could be associated with these issues, and why? (b) What control could you put in place regarding cash refunds mentioned in (a)(2)? HTML Editons

Answer 1

IT IS A TYPE OF PERFORMANCE ISSUE. WARNING SIGNS ASSOCIATED WITH THESE ISSUES ARE, POOR WORK QUALITY, LACK OF RESULT AVOIDING RESPONSIBILITY, REDUCED PRODUCTIVITY.

IF THE EMPLOYEE DOES NOT MEET THE STANDARD SET, THEN DISCIPLINARY ACTION, UP TO WARNINGS AND INCLUDING TERMINATION NEEDS TO BE CONSIDERED.