• Case 3.5 Goodner Brothers, Inc.
    believe should have been the three to five key internal control objectives of Goodner's Huntington sales office. The Goodner Brothers, Inc. case is an example of when company profits derived from management’s culture facilitated weak internal controls which allowed employees to commit serious fraud...
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  • Internal Control Issues
    Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. * Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized...
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  • Goodner Brothers Inc
    To : Mr. T.J & Mr. Ross Goodner & Board of members From : Internal Auditor of Goodner Brothers Inc Internal Auditor’s Report on Goodner Brothers Inc 1.0 Internal Control is a system of checking balances and it is designed to provide a reasonable assurance that assets are protected. Then, accounting...
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  • The Goodner Brothers Case
    List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. The Goodner’s Huntington sales office should have implemented the following internal control objectives: 1. The reliability of financial reporting, which relates...
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  • Auditing
    case study-goodner brothers you are to assume the role of a consultant engaged by the management of goodner brother to study this case. at the end of your study, you are required to draft a report to the management of this company. in your report you are required to: 1.List what you believe should...
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  • Case Stdudy
    and Greed. * Goodner Brothers * Pricing Strategy, Operating Expenses, Security * Bookkeepers and Internal Auditors * Lack of Internal Controls * Felix Garcia * Sales Manager of Huntington Location * External Auditors * Lack of Focus on Internal Controls Woody’s Dilemma ...
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  • Goodner brothers
    Goodner Brothers Case 1.) List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. • All transactions are recorded. • Transactions are properly presented and disclosed. • Reliability of financial statements and information. •...
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  • Goodner Brohers, Inc.
    Goodner Brohers, Inc. 1. List what you believe should have been the three to five key internal control objectives of Goodner Brohers’ Huntington sales office. A. Goodner’s executives should focus more attention on internal control measures rather than volume in order to have operating activities...
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  • Goodner Brothers
    Case 3.5 - Goodner Brothers, Inc. 1. I believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office are to ensure adherence to management policies and directives in order to achieve efficiently and economically the organisation's objectives; to safeguard...
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  • Goodner Brothers, Inc. Internal Control Issues
    Goodner Brothers, Inc. Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from...
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  • Goodman Brothers, Inc.
    lack of internal controls that eventually caught up to a successful business. Goodman Bros sold tires from 14 locations across the east coast and had a business plan that allowed them to grow and be successful. As great as they plan was for selling tires, their plan to implement internal controls and prevent...
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  • Coodner Brothers, Inc.
    five key internal control objectives of Goodner’s Huntington sales office. • Existence – Record the purchase orders in standard form as soon as sales reps receive them. • Rights and obligations – Limit rights for sales reps. • Completeness – Record the purchase order, ship the inventory, and receive...
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  • essay no1
    you could take part and tell us what you thinkExternal link . Goodner Brothers, Inc. Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security...
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  • Knapp 3.5 Goodner Brothers
    CASE 3.5 : GOODNER BROTHERS, INC. 1. Internal control objectives Goodner’s Huntington sales office should have implemented: a. Separation of duties: Sales reps like Woody were given unrestricted access to the accounting system where they could directly enter transactions. Sales reps also had...
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  • Goodner Brothers Case Anaylsis
    1.) The Goodner’s Huntington sales office should have implemented the three following objectives: 1. Financial Reporting Objective- This makes sure that the financial report is reliable and free of fraudulent reporting and also deals with the safeguarding of assets from unauthorized use. ...
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  • Goodner Brother
    Internal Control Objectives Internal control is a process that designed to help the organization to accomplish specific objectives or targets by ensuring the reliability of the financial reporting and operated effectively and efficiently. As an internal auditor of Goodner Brothers Inc, I strongly...
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  • Goodner Brothers Audit Case
    6, 2013 SUBJECT: Goodner Brothers, Inc. The Goodner Brothers, Inc. audit case is based off the story of two men who have been friends since their childhood: Woody Robinson and Al Hunt. Now as adults, Mr. Hunt works for an auto supply store while Mr. Robinson works for Goodner Brothers, Inc., a tire...
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  • Case 3.5 Goodner Brothers, Inc.
    1. Goodner Brothers set ambitious sales goals. In order to achieve these goals, they were known to undercut their competitor’s prices. In the text, it is pointed out that “To compensate for low gross profit margin, Goner scrimped on operating expenses, including expenditures on internal control measures...
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  • Student
    cAsE 3.s Goodner Brothers, Inc. "*?_odt thats $2,400 you owe me. Okay? We're straight on that?', "Yeah, yeah. l got youl' 'And you'li pa), me back by next Friday?'41.1 said Id pay you back by Friday didn,t I?,' JUSI CnecKln . Borrowing money from a friend can strain even the strongest relationship...
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  • Goodner Brother’s Case
    In the Goodner Brother’s case, the company has a “sloppy accounting practices and lax control over its inventory and other assets.” The key internal control weaknesses that were evident in the Huntington unit’s operation are control environment weaknesses, control activities weaknesses and monitoring...
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