An executive of a manufacturing company informs you that no formal procedures have been followed to control the retirement of machinery and equipment. A physical inventory of plant assets has just been completed. It revealed that 25 percent of the assets carried in the ledger were not on hand and had presumably been scrapped. The accounting records have been adjusted to agree with the physical inventory. Outline internal control practices to govern future retirements.

Globalman tech purchased raw material from newbiztr co. when the sales team at newbiztr co checked the system, there was no payment detail in the system, though the order-delivery details were present. also, it seemed that someone had tampered with the details of the previous order. which important data-management features were compromised? the of data was compromised because there were corresponding payment details. the of data was compromised as someone had tampered with the details of the previous order.