Roger Lemmon is the chief financial officer (cfo) for a large aviation parts supply company. In recent months, Roger has been alarmed at the increase inventory losses. He is not sure weather parts orders are not being properly recorded or whether employees or outside individuals are stealing parts. Roger realizes that he needs to improve the control activities related to inventory. He wants to start with the detective controls. What are the two detective controls?
Roger Lemmon is the chief financial officer (cfo) for a large aviation parts supply company. In recent months, Roger has been alarmed at the increase inventory losses. He is not sure weather parts orders are not being properly recorded or whether employees or outside individuals are stealing parts. Roger realizes that he needs to improve the control activities related to inventory. He wants to start with the detective controls. What are the two detective controls?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Roger Lemmon is the chief financial officer (cfo) for a large aviation parts supply company. In recent months, Roger has been alarmed at the increase inventory losses. He is not sure weather parts orders are not being properly recorded or whether employees or outside individuals are stealing parts. Roger realizes that he needs to improve the control activities related to inventory. He wants to start with the detective controls. What are the two detective controls?
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