The term "controls" refers to any aspects of one or more of the components of internal control. Think of one corporate transaction, whether financial or non- financial, that may take place in any level of organization (which may involve shareholders, directors, president, senior management, department, individual employee in the organization). Indicate one possible objective of this transaction, then, provide a control to ensure that such transaction will run smoothly and achieve its objective. Explain briefly how your suggested control helps the 72 transaction achieve its objective. You may suggest a control already implemented by certain organizations, or you may develop your own control.

The term "controls" refers to any aspects of one or more of the components of internal control. Think of one corporate transaction, whether financial or non- financial, that may take place in any level of organization (which may involve shareholders, directors, president, senior management, department, individual employee in the organization). Indicate one possible objective of this transaction, then, provide a control to ensure that such transaction will run smoothly and achieve its objective. Explain briefly how your suggested control helps the 72 transaction achieve its objective. You may suggest a control already implemented by certain organizations, or you may develop your own control.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter17: Organizational Planning And Controlling

Section: Chapter Questions

Problem 9CRQ: Identify and discuss three positive and three negative effects often associated with control...

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