A Brief Summary Of Controls And Letitia
Question 1; What went wrong? Did Al use the wrong types of controls or did he fail to implement them properly? Or, was he just unlucky? A whole went wrong. Al implemented some control measure , but left some outlets.
Firstly, there was no reason of leaving unsigned checks with Letitia because that singular act defeated the purpose of not allowing Wilbur to sign checks written against the AHL’s main bank account and his order that no one signs a check without his permission was a good action plan but failed to implement it properly.
Secondly, He used personnel control when he specifically hired Wilbur,Washington who had considerable experience in Mortgage lending business
Thirdly, Al monitored and tracked the head count, the number of
Firstly, there was no reason of leaving unsigned checks with Letitia because that singular act defeated the purpose of not allowing Wilbur to sign checks written against the AHL’s main bank account and his order that no one signs a check without his permission was a good action plan but failed to implement it properly.
Secondly, He used personnel control when he specifically hired Wilbur,Washington who had considerable experience in Mortgage lending business
Thirdly, Al monitored and tracked the head count, the number of