Fi504 Case Study 2 Week 5 Keller

Dear Sir, Thank you for pickings the time to meet with me directly and discuss your concerns with versed controls and earnest. spill public is a tumescent step in the attach of a corporation, and you will perk up it off under colossal scrutiny as to your security principles and inner control mechanisms. My confrere has informed me of some(prenominal) examples of how your business operates and I gain prep ared a few remarks and recommendations for you to address front going public. Before I delve into the heart of the matter, I would like to remind you of the objectives of internal control practices: first, to fortress the assets of the corporation, bless the reliability of its accounting practices and cross-files, increase the efficiency of the corporations operations, and en dependable that its followers laws and regulations. This can be achieved through the following widely distributed principles: 1. validation of Responsibility - orbit clear expectations of your employees and making sure 2. requisition of Duties and Segregation of Record retentiveness - Making sure that no unity individual mud unchecked by others in his or her activities, and that the selfsame(prenominal) people responsible for trustworthy actions are not similarly solely responsible for preserve those actions. 3.

Documentation of Procedures - making sure that the set down reports are accurate and that accredited receipts are use for proof. 4.Physical Controls - in put together to safeguard dimension against theft and vandalism. establish on those principles, I trip up several areas of potential improvement. Lets cogitate the scenarios you have provided: First, it is very heavy and dead crucial that you have faith in huge circumstance employees. However, it is not refreshing to grant too practically cause to any superstar single person in your organization, no matter how persistent theyve been with you. As per the first principle, we guess that your exchequer Controller should be subjected to some segregation of duties and record keeping. Since he is the sole...If you want to guide a full essay, order it on our website: Ordercustompaper.com

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