Internal Control

I am writing to provide you with an accounting consulting compensate based upon the meeting you had with my colleague. With the information given to me, I bring out alone report my observations and recommendations for your consideration. This report outlines the objectives and goals of this consultation, the methods in which we bequeath gain them, the observations I admit made, and any other issues I come noted. Objectives & Goals: 1) release a highly efficient distributing company in a public environment. 2) Establish internal control procedures to sentry go LJB fraternitys assets, enhance the reliability of its accounting records, increase dexterity of operations and ensure compliance with laws and regulations. 3) Improve funds circumspection policies and procedures. 4) Create a screening process for chew over candidates to fit the integrity of a potential hire. Executive summary: When you cull to go public, you will find that you wil l go to initiate at an increased rate. As external parties demoralize commit in your company, you will obtain more assets. You will experience greater demand for your product, and will bring forth to blend at a greater capacity. Thus, you will need to rampart your assets and increase efficiency for the sake of your company and its future stockholders.

To do so, I recommend the following internal control procedures in the beas that I feel are lacking control: By having your comptroller trustworthy for so many different things, you are violating an principal(prenominal) part of internal control segregation of du ties. Different stack need to be creditwor! thy for related activities to reduce fraud, errors, and irregularities. The comptroller shouldnt be in the dual role as treasurer and controller. You need to have one person responsible for purchasing supplies, and another person responsible for the payment. The accountant should have neither physical custody of the asset nor access to it. Likewise, the shop steward of the asset should not...If you want to get a full essay, do it on our website: OrderCustomPaper.com

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