Question Description
This is a discussion between students in a class Forum I need a apply to this student with at least 170 words. Your thoughts? Please your own words, No Plagiarism please
It's important to have checks and balances in the financial world to keep everyone honest. I take care of the liability side of my company and when anyone asks about the bank accounts, I immediately point them to my counter part. Like what you both said,when we give, too much "power" in one person's hands is just too tempting for some people. I was recently put in charge of the Vendor Management and I researched something that had been bugging me for some time when I look at the financials each month. It turns out an employee had set up a fake vendor and stole over $100,000 because no one looked into it. It's also important to put people into these positions who care because it wasn't difficult for me to research everything wrong with what the employee had been doing. My only guess is that the person who was doing it before me just didn't care about their job enough to do it correctly. Thoughts?
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