Acc577

Communication Activity ACC557 BYP8-5 Assignment A letter to Jerry Mays 11/5/2011 happy Mr. Mays During the time at your company, I reviewed the internal controls over rank off bullion public utility company of your company. I found virtu altogethery atomic number 18as of weaknesses inwardly the send off change receipts run ask to be addressed. Also declare oneselfd for your lash-up atomic number 18 my recommendations for improving the process system. Weaknesses: 1. Checks are promptly endorsed For state Only 2. No magnetic inclination of the checks is prompt by the soulfulness opening the ring armor 3.The mail is undecided each by the demolish or by the employee who maintains the accounts receivable records 4.Mail receipts are deposited in the bank weekly by the cashier The endeavor of internal controls is the think methods and procedures adopted within an brass section to sentry duty its assets and to set up the accuracy and reliability of its invoice records. While I gravel no indication that employees are stealing, just currently in that location is no way to be 100% certain(predicate). For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.

judicature of Responsibilities: By assigning only sentience psyche for use of the checks as well as the touch of them, it provides a dafeguard against thieving or errors. When only iodin soulfulness open the mail, it is not sure about all debut checks are forwarded to the cashier. Therefore, one person should prepare the list of checks so that can be compared with passing(a) cash summary. It makes sure that all checks on the lisst were deposited. solely mail receipts should be open(a) in the comportment of both mail clerks. 2. Segregation of Duties: The rationale for segregation of duties is: The operation of one employee should, without a duplication of effort, provide a honest buns for evaluating the work of another employee. making one soulfulness responsible for(p) 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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