(Answered) : Our Little Secret is a small manufacturer of swimsuits and other beach apparel. The company is closely held and has no external

Our Little Secret is a small manufacturer of swimsuits and other beach apparel. The company is closely held and has no external reporting obligations, other than payroll reports and income tax returns. The company’s accounting system is grossly inadequate. Accounting records are maintained by clerical employees with little knowledge of accounting and with many other job responsibilities. Management has decided that the company mush hire a competent controller, who can establish and oversee an adequate accounting system. Amy Lee, CPA, has applied for this position. During a recent interview, Dean Frost, the company’s director of personnel, said, “Amy, the job