First, watch the attached video, then write a response post as to your determination of the importance of controlling cash in a business; ignore obvious advertisement for Ernst & Young. Contrast the controls in Australia with the controls we've studied for U.S. businesses. Comment on how effective these controls are and if they are sufficient to adequately control cash and in what circumstances they might not be sufficient to control cash. Comment on what steps might be used to possibly curtail collusion. Compare GAAP and IFRS guidance and support your response with facts. https://www.youtube.com/watch?v=17Dk-DjyrKY
Sample Solution