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Essay text:
This issue is most apparent in the misappropriation of take-out, catering, and delivery revenues. Key contributing factors of Steinman?¦s unilateral control are that he:
• set-up the operating systems for the catering venture
• made all pricing decisions
• established cash handling and reporting procedures
• personally trained the bookkeeper, with cash deposit instructions
• key signatory on all disbursements and cheques
These issues came to light when catering and take out were moved to the profitable Southview Mall location. Stewart was unaware of these factors and recently discovered he may be held accountable for these revenue losses...
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