“Internal Controls and Receivables” Please respond to the following:
- Use the Internet or the Strayer Library to research companies who have experienced misappropriation of assets or loss of customer information within the last five (5) years. Next, analyze the situation from the company you selected and the internal controls that may have been compromised to allow the problem to occur and the resulting financial impact to the business. Propose a plan to prevent this type of situation in the future.
- Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Indicate the factor of most significance in today’s business environment. Provide support for your rationale.