AFM415 Chapter Notes -Internal Control, Pearson Education, Prentice Hall
12 Oct 2014
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Estobfishing effective internol (ontrol in 0 smoll business. M ark s. beasley" frank a. buckless . After completing and discussing this case you should be able to. [1] assess how the absence of effective internal. [2] use common sense and creativity to generate controls in a small business operation increases the likelihood of fraud internal control suggestions that will effectively and efficiently reduce the potential for fraud. An entrepreneur by the name of francisco fernandez recently entered into a new venture involving ownership and operation of a small, 26-room motel and cafe. The motel is located in a remote area of southern utah. The area is popular for tourists, who come to hike and mountain bike through the area"s unique red rock terrain. Francisco hired a young couple to run the motel and cafe on a day-to-day basis and plans to pay them a monthly salary. They will live for free in a small apartment behind the motel office.
