bait n reel
Case Background
In 1983, “Bait and Reel” was established in Pennsylvania, by local fisherman and environmentalist Jamie Roberts. It started as a small fishing store that provided fishing supplies for the convenience of the local fishermen in the area. Later on, the business grew as people all over the county started to patronize Bait and Reel as they were induced by its ability to provide excellent services and extensive supply of fishing materials. In the mid-1990s, the business expanded into a superstore and the number of employees increased every year. To make business operations more effective and efficient, the management decided to install an automated computer system. With the upgraded system, revenue increased sharply over the years. However, in 2001, problems started to crop up; notably, there are discrepancies between the on-record and actual level of inventories. With these, the management began to reconsider its operations, particularly its expenditure cycle procedures, and seek solutions to its internal control weakness.
Case Background
In 1983, “Bait and Reel” was established in Pennsylvania, by local fisherman and environmentalist Jamie Roberts. It started as a small fishing store that provided fishing supplies for the convenience of the local fishermen in the area. Later on, the business grew as people all over the county started to patronize Bait and Reel as they were induced by its ability to provide excellent services and extensive supply of fishing materials. In the mid-1990s, the business expanded into a superstore and the number of employees increased every year. To make business operations more effective and efficient, the management decided to install an automated computer system. With the upgraded system, revenue increased sharply over the years. However, in 2001, problems started to crop up; notably, there are discrepancies between the on-record and actual level of inventories. With these, the management began to reconsider
In 1983, “Bait and Reel” was established in Pennsylvania, by local fisherman and environmentalist Jamie Roberts. It started as a small fishing store that provided fishing supplies for the convenience of the local fishermen in the area. Later on, the business grew as people all over the county started to patronize Bait and Reel as they were induced by its ability to provide excellent services and extensive supply of fishing materials. In the mid-1990s, the business expanded into a superstore and the number of employees increased every year. To make business operations more effective and efficient, the management decided to install an automated computer system. With the upgraded system, revenue increased sharply over the years. However, in 2001, problems started to crop up; notably, there are discrepancies between the on-record and actual level of inventories. With these, the management began to reconsider its operations, particularly its expenditure cycle procedures, and seek solutions to its internal control weakness.
Case Background
In 1983, “Bait and Reel” was established in Pennsylvania, by local fisherman and environmentalist Jamie Roberts. It started as a small fishing store that provided fishing supplies for the convenience of the local fishermen in the area. Later on, the business grew as people all over the county started to patronize Bait and Reel as they were induced by its ability to provide excellent services and extensive supply of fishing materials. In the mid-1990s, the business expanded into a superstore and the number of employees increased every year. To make business operations more effective and efficient, the management decided to install an automated computer system. With the upgraded system, revenue increased sharply over the years. However, in 2001, problems started to crop up; notably, there are discrepancies between the on-record and actual level of inventories. With these, the management began to reconsider