22) Describe internal controls and discuss why internal controls are necessary for a business. 23) Lisa Vogle has been running the Bird’s Nest Inn since the death of her husband. Common sense...

22) Describe internal controls and discuss why internal controls are necessary for a business.

23) Lisa Vogle has been running the Bird’s Nest Inn since the death of her husband. Common sense tells Lisa that she should take some action to protect the assets of the business and the financial records. Explain the basic concepts of internal control to Lisa.