With regard to the Inventory process control goals of effectiveness of operations, efficiency of operations, and resource security, (a) Give two (2) example controls for each of the three process...

Answer 1. Inventory Process Control is the fundamental method, to organize the entire inventory procedure and control majority of parameters. This can be also referred as Stocks Control, which explains overall process of handling the warehouses of the company at different levels of inventory.
An ICS- internal control systems is curated to attain following three objectives (Kinney, W. R. 1975).
1. Ensuring assets and promoting strong operational efficiency
2. Comprehending the reliability and accuracy of the accounting records
3. Strong compliance with the legislations and regulations
A well-organized and designed ICS is based on these key principles mentioned above. These systems if effectively implemented can prevent the theft and losses. It can also enable the overall plan of operations as well as facilitate the financial reporting of the monitoring and operations. Overall alignment with above three categories under the umbrella of objectives which is offered to COSO framework - Committee of Sponsoring Organizations that largely include...