Consider the List of Risks and Internal Controls in the Table

question 6

Essay

Consider the list of risks and internal controls in the table below. For each row, indicate whether the internal control addresses the risk. If it does, indicate whether it is primarily preventive, detective or corrective in nature.

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Definitions:

Improvements

Improvements refer to changes or additions made to property or assets that enhance their value, utility, or appearance.

Hotelkeeper

An individual who manages or owns a hotel.

Lost

Refers to something that has been misplaced or can no longer be found; can also relate to opportunities or time that cannot be recovered.

Damaged Property

Real or personal property that has suffered physical harm or destruction, diminishing its value or utility.