An employee handles handles travel expense and expense reports for Scott sales services. With the growth in the economy, the sales team began traveling extensively aging new business. Because of the heavy volume, she no longer requires the sales team to provide original airline, hotel or car rental receipts. She told them to just keep their meals under $100 per day per dime and no receipts were required. She allowed them to use their own credit cards so they could get the frequent flyer points. She required them to turn in a summary of the travel expense quarterly.
1. Identify the missing internal control characteristic.
2. Identify the firms possible problem.
3. Propose a solution to the problem.