BUS 215 PMI Establishment of Internal Controls to Protect Inventory Memorandum.
I’m trying to study for my Accounting course and I need some help to understand this question.
It is very important for all businesses to take proper precautions to safeguard their assets; this includes both cash and inventory. In order to do this, the business must establish internal controls that will effectively reduce or eliminate theft and loss.
Prepare a professional business memorandum directed to the Chief Financial Officer (CFO) of either an actual company that sells inventory to the public, or choose a hypothetical company. Assume that you are writing to the CFO as the external auditor who has just conducted an audit.
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