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Question:

Principles to internal controls in the situation of a recordkeeper that wrote out checks to her fiance?

I need help with this if anyone would be so kind. I have attempted to do it on my own and have a rough idea i'm just not sure how I should set this up. I'm I showing entries or do I write down in detail what I think the Principles to internal controls are.Bemis Company is a rapidly growing start-up business. Its recordkeeper, who was hired one year ago,left town after the company’s manager discovered that a large sum of money had disappeared overthe past six months. An audit disclosed that the recordkeeper had written and signed several checksmade payable to her fiancé and then recorded the checks as salaries expense. The fiancé, who cashedthe checks but never worked for the company, left town with the recordkeeper. As a result, the companyincurred an uninsured loss of $84,000. Evaluate Bemis’s internal control system and indicatewhich principles of internal control appear to have been ignored.

Answer:

Slow him down? Vaginal bumps would stop him completely!
Yes. Try it with a 40 pound oxygen tank on your back while hauling a 3 inch fire hose.
Never park by a fire hydrant,that is dangerous and rude.

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