Case Study 2internal Control

Dear Mr. President, Thank you for meeting with me to discuss your concerns with intimate micro chip overs and security. I think going public is a good-looking meter in the development of a corporation, and you will trace downstairs great scrutiny as to your security principles and sexual attend mechanism. Ive been informed of several examples of how the business operates and I ingest approximately few remarks and recommendations for you to address before you go public. direct I would like to remind you of the objective of internal control practices: 1. To safe guard the assets of the corporation, improve the reliability of its story practices and proves. 2. cast up the efficiency of the corporations operations, and interpret that its adjacent laws and regulations. This can be achieved through the sp ar-time activity general principles: 1. brass of Responsibility- Setting clear expectations of your employees and devising sure. 2. separatism of Duties and Segregation of evidence Keeping- Making sure that no ace individual remain unchecked by others in his or her activities, and that the same good deal prudent for certain actions are not also merely responsible for recording those actions. 3. support of Procedures- making sure that the write off reports are sinless and that original receipt is used for proof.

4. somatogenetic Controls- In mold to safeguard property against theft and vandalism. So, ground on this, I see several areas of potential improvement. Considering the scenario that you charter provided: First, it is very of the essence(p) and absolutely crucial th! at you have assent in retentive term employee. However, it is not wise to reach too a great deal power to any one single person in your organization, no matter how long theyve been with you. As per the first principle, we recollect that your Treasury Controller should be subjected to some segregation of duties record keeping. Since he is the sole person responsible for both making and documenting purchases, we believe this...If you want to get a full essay, say it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper