Coodner Brothers, Inc. free essay sample

Sales reps should only have the access to receive purchase orders -The company should have the duties of purchasing, shipping, accounting, controlling of inventory separate. Usually after receiving purchasing order, the slips of detail of order should be sent to shipping department and accounting department. †¢Lack of physical safeguards -Usage of cameras, locks or securities to protect inventories. 4. Besides Woody Robinson, what other parties were at least partially responsible for the inventory losses Goodner suffered?Defend your answer. †¢T. J. and Ross Goodner were partially responsible for it– They are the CEO and COO of the company. They relied heavily on the honesty and integrity of employees they hired rather than relying on internal controls. It is their responsibilities to maintain an efficient and reliable company structure in order to minimize the risk of deficiencies. The control environment of an organization is significantly influenced by the effectiveness of its board of directors. We will write a custom essay sample on Coodner Brothers, Inc. or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page