Answer
(a)
- Establishment of responsibility
- Segregation of duties
- Documentation Procedure
- Physical controls
- Independent internal verification
(b) The Mangers of various functional areas in the company should be concerned about internal controls, to reduce the occurrence of fraud, safeguard the assets, increase the efficiency and ensure compliance with laws and regulations.
Work Step by Step
(a)The principles of internal control violated by Alternative Distributor Corporation
(b) The main tasks of the manager.
