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In what ways did Koss management fail in its responsibilities relating to internal control over financial...

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Accounting

In what ways did Koss management fail in its responsibilitiesrelating to internal control over financial reporting? Note: Pleasebe brief but be specific—consider organizing your response inaccordance with the components (and principles) of COSO’s 2013Internal Control: Integrated Framework (which can be found atwww.coso.org).

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Koss management fails in its responsibilities relating to internal control over financial reporting in the following ways segregation of duties koss management fails to segregate the duties as most of the major duties or control lies in few hands Koss also delegate the check issuing authority to Sachdeva which in term cheats the company as there is no independent or outside check reconciliation of reports    See Answer
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