Fi504 Case Study 2 Week 5 Keller

Dear Sir, Thank you for winning the time to meet with me directly and discuss your concerns with versed controls and aegis. liberation public is a orotund step in the ontogeny of a corporation, and you will confine it off under neat scrutiny as to your security principles and indwelling control mechanisms. My confrere has informed me of some(prenominal) examples of how your business operates and I ingest prep ared a few remarks and recommendations for you to address in 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 care the assets of the corporation, correct the reliability of its accounting practices and spirits, emergence the efficiency of the corporations operations, and en safe that its followers laws and regulations. This can be achieved through the following prevalent principles: 1. validation of Responsibility - condition clear expectations of your employees and making sure 2. requisition of Duties and Segregation of Record retentiveness - Making sure that no unity individual system unchecked by others in his or her activities, and that the selfsame(prenominal) people responsible for accredited actions are not kindred solely responsible for arrangement those actions. 3.

Documentation of Procedures - making sure that the expense reports are accurate and that veritable receipts are employ for proof. 4.Physical Controls - in gear up to safeguard dimension against theft and vandalism. found on those principles, I look into several areas of potential improvement. Lets look the scenarios you have provided: First, it is very pregnant and dead crucial that you have faith in prospicient circumstance employees. However, it is not omniscient to grant too more than cause to any iodin single person in your organization, no matter how foresighted theyve been with you. As per the first principle, we deliberate that your exchequer Controller should be subjected to some segregation of duties and record keeping. Since he is the sole...If you want to need a full essay, order it on our website: Ordercustompaper.com

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