• Case 3.5 Goodner Brothers, Inc.
    1. List what you 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...
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  • Case Stdudy
    Sues Al * Al Sues Woody Question 1: List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Reliability of Financial Reporting 2. Compliance with Laws and Regulations 3. Effectiveness and Efficiency of...
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  • Auditing
    should have been the three to five key internal control objectives for Goodner’s Huntington sales office. a. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. b. Authorization of Transaction...
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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...
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  • The 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. The Goodner’s Huntington sales office should have implemented the following internal control objectives: 1. The reliability of financial reporting, which...
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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...
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  • essay no1
    and have 10 minutes to spare, we’d be delighted if 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...
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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...
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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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  • Coodner Brothers, Inc.
    1. List what you believe should have been the three to 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...
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  • Goodner Brothers Inc
    Goodner’s Huntington sales office took as an advantage of Goodner Brothers Inc weak in internal controls by stealing a large amount of inventory. So, We believe that this are the following key internal control objectives should be maintain in Goodner’s Huntington sales office. Firstly, Sales office’s staff...
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  • Student
    internal auditors periodically counted the entire inventory of each Goodner :,:test :reziing unit. Instead,he understood that the internal auditors only did a few office. : _ _:--s d-uring their infrequent visits to the Huntington sales arrived at an in-l:=r completing their inventory counts, the two...
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  • Goodman Brothers, Inc.
    . Questions 1. I believe the three key internal control objectives that should have existed at the Goodner’s Huntington sales office are; safeguard the assets, prevent and detect fraud, and ensure the completeness and accuracy of accounting records. With these key internal control objectives in place...
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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...
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  • Goodner Brothers Audit Case
    company should have implemented the following internal control objectives into their daily operations in order to safeguard assets and accounting records. First, the company should segregate the duties of authorization, implementation, and recording between three or more individuals to reduce the risk...
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  • Audit
    1. List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. 1) Operations objectives: a) Strengthen the dominant market share through huge volume sales at undercutting price; b) Achieve the profitability goal when...
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  • Goodner Brothers Case Anaylsis
    inventory losses Goodner suffered. Felix, the Huntington office sales manager, did not do nearly any of the duties his job required of him and he took no initiation to enact the five components related to the objectives. If he would have, Woody wouldn’t have ever been able to get away with his scheme for...
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  • Contemporary Auditing
    to the judge, Al Hunt’s complicity in the fraudulent scheme voided his right to recover the $64,000 judgment from his former friend. Questions 1. List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. 2. List the key internal...
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  • Goodner Brother’s Case
    bookkeeper, and five to seven employees who delivered tires and worked in the unit’s inventory warehouse”. These weaknesses will open the company to a huge risk. 3. Monitoring The company lacks of monitoring control and has a weak internal auditor team. “The sales manager for the Huntington sales offices...
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  • Goodner Brother
    , Goodner’s Huntington sales office should have clearly states that requirements for proper documentation and audit trail before processing transaction. As mentioned in the article, sales representatives often record the transaction details on a piece of scrap paper instead of completing proper...
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