Embezzlement At Sanchou College

subject Type Homework Help
subject Pages 2
subject Words 294
subject School Methodist University
subject Course ACC

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AlRadhi 1
Hussain AlRadhi
Dr. Dena Breece
MBA 5000
January 13th, 2019
Written Case 2 - Embezzlement at Sanchou College
After reviewing the existing procedures related to assets and cash of Sanchou College, we
can notice a number of serious problems with internal control. The school did not have asset
records system until the Ministry of Education began subsidizing in 1995, and the school did not
always purchase assets through public bidding as required by the Ministry of Education.
Moreover, it did not follow the government’s guidelines for disposal of assets until 1999, and the
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