Audit Discussiuon Problem
Assume that you are a consultant to a small business. The President of the business does not have an accounting background and has asked your assistance in establishing internal controls for the company. Conduct some brief external research on the Internet and prepare a short memo to the President with your recommendations concerning internal controls; in your memorandum, cite at least three internal controls that you recommend for this business. Be sure to explain what the type of business is in your memorandum.