doing a project for auditing... What would the impact be on internal controls of a company...
doing a project for auditing...
What would the impact be on internal controls of a company that added additional warehouse locations (to decrease the cost and time-frame of deliveries)?
Homework Answers
The Impact of additional warehouse locations on internal controls of a company:
Internal controls are policies are procedures which are followed
by an organization for operational efficiency and to minimize the
frauds. In the given case, if the company is adding an additional
warehouse location to decrease the cost and time-frame of
deliveries, it will have to increase its monitoring of the
inventory controls. The company would also need to implement new
policies and procedures for the inventory controls for the items
moving from and to the new warehouse.
Hence, adding a new warehouse location would result in additional
inventory control procedures and wider internal control system for
the company.
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