A question of theft

Evidently, in that respect is a problem in the management of shifts and the auditing of the money hence the front office manager named Chad refuses to induce action of the situation. When conflict arose, the cash registrars earnings were plunge out to be short Chad tried to look for the culprit. Critically analyzing the situation, how did Chad put together out that there has been an amount missing?He was so original of the amount missing despite of his non-presence in the atomic number 18a and also the insufficiency of eagerness to monitor the finances. privileged Control is the process to achieve the objectives with effectualness and efficiency, reliable financial statements and strict compliance to the law. In this case, Chad cigarette be classified as an ineffective leader for efficient workers.His managerial skills would live taken care of the problem hence he neglected the judgment because he was confident about his employees. Another problem is that there is no cons istent financial report for every employee who dwells in the counter. For example, for every overthrow of a shift the money should be counted and audited so that there would no discrepancies for the next employee to work and also it would be much easier to determine if there is a shortage in the finances.For this instance, the manager must have the bear over his employees and authoritatively impose the rules such that the employees would develop loyalty and truthfulness among the system.I think the managerial position must be filled by a person that is experienced and also has good interpersonal skills so that the firm would not suffer from these small lapses.Also I would like to buck out that there should be a financial report on every change in shift so that the manager can monitor the movement of the money in the cash registrar. What is needed is the demolition amount after each shift. Lastly, the effectiveness and efficiency of a workings group must come from both the lead er and its subordinates, with this, there are limitless endeavors and opportunities for a good working system.ReferencesUniversity Business Practices (2007). Understanding Internal Control. on-line Retrieved from http//www.ucop.edu/ctlacct/under-ic.pdf on March 5, 2008Comptrollers Handbook (2001). Internal Control. on-line Retrieved from http//www.occ.treas.gov/handbook/intcntrl2.pdf on March 5, 2008