Discussion
Instruction: Now that you have voted on some of the elements of internal controls, it is time to discuss the use of internal controls in the handling of receivables. Discuss internal controls as applied to receivables using the concepts from the book and video. Provide an argument justifying your voting choice utilizing at least two pieces of evidence or concepts from the video and/or book.
What is a critical element of internal control in the handling of receivables by a business? Explain how this element is accomplished. Provide an example of an ethical issue that a company might face from internal control failures.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.