Internal Control: Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting. Internal Control system has its five integral components those together works an effective internal control. To Indicate: The possible consequences of not reporting the observation to Mr Relay’s superiors. for the store, the manager and for you

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Chapter 4, Problem 62.3C

To determine

Concept Introduction:

Internal Control:

Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting. Internal Control system has its five integral components those together works an effective internal control.

To Indicate:

The possible consequences of not reporting the observation to Mr Relay’s superiors. for the store, the manager and for you

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