Problem
1. Internal controls are policies and procedures to safeguard business assets, ensure employees are complying with laws and regulations, and ensure the accuracy of financial information. In your surrounding area (e.g., work, home, school, etc.) what are some examples of internal controls?
2. Why do you think the controls are effective or ineffective?
3. What are the similarities and differences between employment tax withholdings and employer payroll taxes?
4. What problems could arise if a business has a ineffective payroll system?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.