Internal Control Policies

You have an extensive background in manufacturing. Over your career, you have worked in both small and large manufacturing businesses as a salesperson, sales manager, VP of Sales, and then decided to finish your accounting degree and move to finance positions, including a Controller position, overseeing all aspects of manufacturing accounting. You know sales, accounting, and all operations within a manufacturing organization and how things should work.You are now a fraud consultant running a lucrative consulting business, specializing in manufacturing operations. You have been asked by two of the companies you used to work for to help them determine how recently discovered financial fraud could have been avoided with proper processes, or internal control policies and procedures, in place.Internal controls are important for companies as they implement rules and procedures, such as handling incoming cash, checks, and payment authorization, that help ensure the integrity of financial and accounting information, promote accountability and prevent fraud.Internal controls can help improve the operational efficiency of financial accounting accuracy and timeliness.When internal controls are not properly implemented and followed, an organization risks experiencing a variety of issues including – but not limited to – a failure to comply with laws and regulations, fraud, or employees stealing assets.For your discussion post:The following two businesses reached out to you to help investigate and correct their recent fraudulent activity from occurring again:The Robotics Company—a robotics technology company that sells its equipment to businesses around the world.W&M Windows—a manufacturing company that provides energy-efficient windows to clients across North America.Your assignment as the companies’ consultant is to identify the weaknesses in the companies’ processes that allowed the frauds to occur.For each company’s situation, please answer the following questions for each company:What went wrong in the organization’s structure that allowed the issue to occur?What is your recommendation(s) that the organization can follow to prevent this activity from occurring again?Details:The Robotics CompanyNoah, a sales manager at The Robotics Company, frequently travels to potential clients across the United States to help sell the company’s products and services. Because of his frequent trips, Noah developed personal relationships with several local individuals. He regularly dined out with them at expensive restaurants and submitted claims for expense reimbursement for “business-related meals.” Noah accumulated $10,000 worth of fraudulent expenses over two years by spending outrageous amounts on food and even up[1]charging the amount before submitting expenses to get more money in his pocket. As time went on, Noah bragged to his colleagues about “getting away” with his expense abuses, justifying that the meals are extra compensation for his stressful travel schedule. The senior leadership team learned of the fraud a few weeks after colleagues heard about his expense abuses. The team confronted Noah and promptly terminated him.W&M WindowsAs a top executive at W&M Windows, Sofia has the authority to approve vendor invoices and have them processed for payment by the company’s accounts payable department. Sofia, along with three of her friends, developed a scheme where she would facilitate payment of bogus invoices by submitting fraudulent vendor forms in the names of three friends or illegitimate companies controlled by them. Checks issued by the company in payment of these invoices were sent to Sofia’s friends. Sophia and her friends successfully stole $700,000 from this scheme. Sophia received $140,000 from this amount as kickbacks.Your post must be at least 300 words with two replies to students.The grading rubric is attached – please click on the three dots on the upper right-hand corner of this assignment to see the categories and grading metrics.

Don't use plagiarized sources. Get Your Custom Essay on
Internal Control Policies
From $8/Page
Order Essay
TopWriters4Me
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

Top Writers4me provides the best top-grade academic writing services in compliance with our customers’ instructions. Have your paper written by a certified professional online college homework help writer to produce only high-quality essays with zero plagiarism.

Professional Academic Writers

You can now choose from a pool of online college homework help writers. Choose your writer and have them write the best content for you.Top Writers4me has, over the years, secured a team of the most reliable, experienced, and qualified writers. You can, therefore, trust that your assignment is in good hands.

Affordable Prices

We know that students have very limited budgets. And for that, we always strive to provide only the best, most affordable online college homework help services to our customers. Our goal is to provide top-quality assignment help services to all customers at the lowest, most affordable prices.

On-Time delivery

At Topwriters4me.com, we pay strict attention to deadlines. We recommend you to check out clients’ reviews for assurance that we will complete your assignments within the set deadlines. You can, therefore, trust that your paper will be done within and before the set deadline. Until now, we have not missed a single deadline.

100% Originality

Our Topwriters4me.com homework helper experts write only 100% original and plagiarism-free content for all of our clients. We also have a Quality Assurance Department team that goes through all work submitted by our writers multiple times. You can, therefore, rest assured that any signs of plagiarized or unoriginal content will be rejected before it reaches your portal.

Customer Support 24/7

Topwriters4me.com expert writers are always available 24/7 for customers who need assistance with using our website. You don’t have to check your watch the next time you want to have your assignment written. Our customer support is always available round the clock and ready to listen to your queries. Feel free to contact us via the Chat window or support email: support@topwriters4me.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

For years now, Topwriters4me.com has stood as a leader in providing its customers with the best online college homework help service in the industry. And all you have to do is provide us with the details of your order. Leave everything else to us. We’ve always got you covered.

Essays

Essay Writing Services

Since we launched, Topwriters4me.com deserved the best online “college homework help status” thanks to our essay ordering, writing, and delivery process. We deliver nothing but excellence in our results. Our essay writing services include impeccable grammar, zero-plagiarism, proper structure, and conformance to guidelines.

Admissions

Admission and Business Papers

Our top-quality online college homework help services guarantee that you will be accepted into your desired university. You just need to fill out your admission and business papers, and our team of online homework help workers will handle the rest. We will help you achieve and secure the best positions in your admissions forms.

Editing

Editing and Proofreading

At Topwriters4me.com, we have a skilled writing and editing team that’s dedicated to creating, editing, and restructuring for all types of papers. Our online college homework help editing and proofreading team will check, paraphrase, and correct any grammar mistakes on your paper before submitting the final document to you.

Coursework

Technical Papers

At Topwriters4me.com, we pride ourselves in having writers in almost all fields, even the most technical ones. You never have to worry about your paper being too technical for our certified online college homework help writers to handle. Mycoursewriter's team of writers can handle even the most complex writers. We will match your paper to the most competent writer that we believe will handle your paper the best way possible.