Internal Control
Dryden Company is an auto parts supplier.At the end of eachmonth, theemployee whomaintains all of the inventory records takes a physical inventory of the firm 's stock. When discrepancies occur between the recorded inventory and the physical count, the employee changes the physical count to agree with the records.
Required:
1. Whatproblems could arise as a result of Dryden Company's inventory procedures?
2. Howcould the internal control systembe strengthened to eliminate the potential problems?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.