Bumble Beasley Was Attempting to Improve Internal Controls Over His

Essay

Bumble Beasley was attempting to improve internal controls over his firm's sales / collection process. He completed the following tasks in the order listed, but made several errors. Revise each statement based on Steps for Better Thinking.
A. Read one general article about the importance of internal control.
B. Focus on the costs of physical and technical controls in the sales / collection process.
C. Make a list of three cost categories common to physical and technical controls in the sales / collection process.
D. Implement the two least expensive physical and two least expensive technical controls.
E. Write a report summarizing his work; store it in a three-ring binder on his office bookshelf.