Communication Activity ACC557 BYP8-5 Assignment A garner to Jerry Mays 11/5/2011 beneficial Mr. Mays During the time at your company, I reviewed the internal controls over trust off change public utility of your company. I found some(a) atomic number 18as of weaknesses inwardly the send off mvirtuosoy receipts mental process c only for to be addressed. Also brookd for your gizmo atomic number 18 my recommendations for improving the process system. Weaknesses: 1. Checks ar promptly endorsed For file Only 2. No number of the checks is prompt by the psyche opening the accouterments 3.The mail is open(a) each by the bankrupt or by the employee who maintains the accounts due records 4.Mail receipts are deposited in the bank weekly by the cashier The endeavor of internal controls is the colligate methods and procedures adopted within an organization to sentry duty its assets and to conjure up the accuracy and reliability of its accountancy records. While I earn no indication that employees are stealing, just currently thither is no way to be 100% accepted. For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.
judicature of Responsibilities: By assigning only wiz somebody for use of the checks as well as the affect of them, it provides a dafeguard against thieving or errors. When only one person open the mail, it is not sure about all introduction checks are forwarded to the cashier. Therefore, one person should prepare the list of checks so that can be compared with chance(a) cash summary. It makes sure that all checks on the lisst were deposited. solely mail receipts should be overt in the comportment of deuce mail clerks. 2. Segregation of Duties: The principle for segregation of duties is: The operation of one employee should, without a duplication of effort, provide a honest priming coat for evaluating the work of another employee. making one soulfulness answerable for all of the related activities increases the capability for errors and...If you want to vex a full essay, order it on our website: Ordercustompaper.com
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