Identify any internal control weakness Essay Example | Topics and Well Written Essays - 250 words

Identify any internal defy weakness - Essay Exampleallowing the currently approved credit customers to stay on their credit orders until they stop patronizing the company, allowing bankrupt/ remiss customers to future credit purchases. The internal control should include ageing of accounts receivable as basis for preventing delinquent/bankrupt customers from future credit purchases (Rittenberg, 2011).Third, the company uses external shipping entity creating a higher risk of sending the wrong item types or wrong figure of items shipped. The company should send an employee to the external shipping company to inspect and ensure the right item types and quantities are shipped to the customers (Rittenberg, 2011).Fourth, taking orders through and through the internet (chat orders) or through phone calls increases the risks of errors or frauds. The customers may deny they called up or chatted through the internet with the company to order the items received by the customers. The better i nternal control is to use the signed order document from the customers as basis for shipping the customers ordered items (Rittenberg,