What policies and procedures should Johnson Computers have in place to protect the business assets and prevent the business risk?

PLEASE READ CAREFULLY….

Johnson
Computers repairs computers, along with selling and installing software on
computers. Brian handles the repairs for the computers and is constantly asked
by family and friends for assistance when they experience computer issues. In
an effort to provide more personal income, Brian started doing repairs from his
home on weekends and evenings, as a part-time venture. As most of the business
is for family and friends, he does not want to charge as much as Johnson Computers
does. During the budget process, Brian increased the budget for computer parts,
and once approved, started to buy as many as the budget would allow. For the
additional parts not needed by Johnson Computers, Brian took the parts home to
use in his business. Brian makes sure the amount spent never exceeds the
budgeted amount.

Explain
how Brian’s use of the budget is considered fraudulent, and how the budget
process should have found this issue.

What
policies and procedures should Johnson Computers have in place to protect the
business assets and prevent the business risk?

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