Internal Controls

Dominic Quarterman Financial Accounting 11/29/11 intimate Controls intimately all businesses, big or small, put inseparable Controls to use. Internal Controls plays an important part in preventing fraud and protect seat and also intangible assets. A fraud is a two-faced act by an employee that results in personal hit to the employee at a cost to the employer. So in the stop over the employer loses and renders cheated. thither are five contrasting principles of control activities that The jut of Raeford demonstrated. These Internal activities consists of establishment of responsibility, segregation of duties, documentation procedures, physical control, homophile resourcefulness controls. For a summer job, I was employed at House of Raeford in Rose Hill, North Carolina. House of Raeford is a yellowed plant and to me, demonstrated the use of Internal Controls to serve well varan business. Establishment of responsibility is basically assigning different resp onsibilities to particularised employees. At The House of Raeford, these specific responsibilities were defined by the chroma helmet you had on your judgment. There were White, Green, Blue, and bull nets. People with pureness helmets were the head supervisors, who were pretty much over everything and everybody.

Green Helmets were supervisors too, exactly they were chthonian the white hats. They were basically entirely over the employees wearing away only hair nets. Blue helmets were the maintenance; their jobs were just to experience the machines when on that point was a technical difficulty. At the fuck of the chains were the employees with the h! air nets, which had the hardest labor and the lowest pay rate. separatism of duties is basically when different individuals take different responsibilities for activities. Like give tongue to above the different colored helmets, indicated the separation of duties. The employees with the hair nets were to either hang the chickens or pack the chickens into a box. Blue helmets were just to handle machinery and different hands on tasks....If you want to get a proficient essay, order it on our website: OrderCustomPaper.com

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