The Soap Manufacturing Company Has Three Employees Who Work in the Warehouse.All

question 98

Essay

The Soap Manufacturing Company has three employees who work in the warehouse.All of the warehouse workers are authorized to order inventory when it falls below the reorder level.The workers complete a purchase order and mail it to the supplier of their choice.The inventory is delivered directly to the warehouse.The workers send a memo to accounts payable reporting the receipt of inventory.
Accounts payable compares the warehouse memo to the supplier's invoice.Accounts payable prepares a check which the treasurer signs.
Describe at least five needed internal control improvements.

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Definitions:

Standard of Care

The level of competence, diligence, and prudence that a reasonable person would exercise in similar circumstances, often used in legal and medical contexts.

Intentionally

Done with purpose or deliberate intention; actions taken with a clear aim or objective in mind.

Negligent Conduct

Actions or failures to act that breach a duty of care owed to others, resulting in harm or injury.

Emergency

A sudden, unexpected situation requiring immediate action to prevent or mitigate harm.