This discussion relates to the course material that you studied in Chapter 6 Cash, Fraud, and Internal Control of this course.

An internal control system is policies and procedures used to protect assets, ensure reliable accounting, promote efficient operations, and uphold company policies.

Prepare a list of internal control principles that would have to be implemented for an IT business located in San Mateo, CA.

The business has been operating for a total of seven years, has 125 employees located in San Mateo, CA and Bangalore, India. The annual revenue for the most recent financial year $760 million.

Discuss the reasons for selecting these policies and procedure