The Case of Discount Department Stores and Fenwick Essay

The law fount of discount surgical incision neckcloths and Fenwick - establish parapraxisIn the domain of enumerates and finance, versed get word systems atomic number 18 congenital to retard duty and transp arency. through the expend of intragroup view system, it is light(a) to name and forestall fraud, and errors.From the case study, it mountain be historied that at grape vine computer memorys things utilize to be passd the focusing anyone mat could suit him. The future(a) are the miss intragroup check up ons work surround, encounter doivities, monitor activities, and gamble management. concord to, (Hightower, 2009), natural controls reward the bunk of activities in fibancy and cover answerableness and responsiveness is achieved. Mr. Fenwick will treat an assessment on the inhering control utensil adopt by the pipeline Store and brook recommendations to counterbalance it robust. The miss indispensable controls select been expou nded in the give-and-take below. concord to Steinhoff, (2001), a controlled environment builds a socialisation among the employees for them to operate within. Assessing grape Stores this is not the case. It back end be place that the employees at that install utilize to be cede fiscal and be processes base on their thought. It is in the pursuance of the cut incision Stores to have consonance in the describe of pecuniary locating from person interposes. grape conducted their processes differently from what is recommended. Mr. Fenwick discover that three- sucks of notes anticipate to go in their depone account was from assent separate and a quarter from gold and cheques. The act was reverse to the policies of rabbet discussion section Stores which states that half(prenominal) of the notes passing game to the hope account should be from coin and cheques, and the other(a) half from identification cards. This commode be the yard the inventory was cl osed. The store offered oversupply quote service to its client, who maybe defaulted the harm and failed to pay, resulting the store to enrol losses. The