nalyze the relationship among risk, opportunity and controls: Craig learns that one of the employees has been doing snow plowing jobs on the side with the company equipment.
nalyze the relationship among risk, opportunity and controls: Craig learns that one of the employees has been doing snow plowing jobs on the side with the company equipment.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze the relationship among risk, opportunity and controls:
Craig learns that one of the employees has been doing snow plowing jobs on the side with the company equipment.
Discuss both the financial and legal impacts for the company. What are the financial and legal risks to the company?
Also, discuss at least two (internal) controls could be put in place to detect/deter this activity.
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