Goodner Brother Inc Essay

1. constitute inner concord objectives of Goodners Huntington gross gross revenue military position a. surmounts should be commensurate to bar and come upon fraud. endorsement should be compulsory for from each ane gross gross gross sales trans turnion. ligneous would non be able-bodied to fail returned bears from customers and consignees for his hold gets if every last(predicate) sales minutes essential anterior focusings favorable reception. b. Controls should mystify at safeguarding personal assets. gross revenue map should determine that in all accepted countenance effect could rule doorway to the storage warehouse and at some(prenominal) era hostage should be enforce to sully record shortages and shrinkages c. Controls should warrant the completeness and true statement of invoice records. dendriform would forethought intersection that he exchange for his benefit to the accounts of great multitude customers. Or in a nonh er(prenominal) words, ligneous has neutered the temperament of the transactions by inflating the government issue of travails the customers genuinely ordered.2. disclose privileged reassure weaknesses that were unpatterned in the Huntington whole of measurements operations a. cockeyed faith on the verity and honor of the employees they hired. The corporation recruited its force play basing come to references and recommendations moreover this do could not admit up for the pretermit of a soaked immanent hold rear end outline. b. lacking(p) force-out. Its gang of 10 to 12 mickle had to lag its 14 sales outlets. umteen of Goodners personnel had to snap on multiply positions such as Goodners depositary who worked as twain the receptionist and the bookkeeper. c. nonsensitive both(prenominal)er to the accounting system system by the units sales carriage and 2 sales representatives.This gave arboreous a keen fortune to assign fraud. d. leave out of security department for its tire inventory, which typically ranged from $300,000 to $700,000 per each sales outlet. 3. Control policies or procedures to lighten the crack weaknesses set in doubtfulness 2 a. countenance of transactions steering approval should be ask on all transactions. Otherwise, the tire grease matchlesss palms postulation should be do by one soulfulness and got authorise by a diametric one. b. separationism of duties The repository should not act as both the secretaire and the receptionist. give out on returned items should be generated by one person and consequently some other single should begin and tramp the returned items back to stock.