Companies lose millions of dollars each year through employee theft and fraud. To prevent this, internal controls

Companies lose millions of dollars each year through employee theft and fraud. To prevent this, internal controls

are implemented. We will examine the types of controls companies use, and discuss what happens when these controls are missing.

Consider this scenario: You own a small business with 25 employees. In your initial post, explain which internal controls you would use to protect your assets and ensure that your financial statements are accurate.