About this document

Internal Control Risks in Inventory Management by Shi Gianan is a document available to read on EtoBox.

This document outlines 5 internal control weaknesses and risks in the purchasing, receiving, inventory, and accounts payable processes of an outdoor adventure supplies company. It notes that purchasing, receiving, inventory, and accounts payable clerks having inappropriate access to subsidiary ledgers and general ledger accounts could enable fraudulent activities like inventory theft, vendor kickbacks, and fake payables. Stronger segregation of duties is needed between ordering, receiving, record keeping, a

Author

Shi Gianan

Language

EN