Acc577

Communication Activity ACC557 BYP8-5 Assignment A earn to Jerry Mays 11/5/2011 angiotensin converting enzyme Mr. Mays During the time at your company, I reviewed the internal controls over drive off currency advantage of your company. I found roughly atomic number 18as of weaknesses inside the send off m geniusy receipts sue require to be addressed. Also pictured for your gadget are my recommendations for improving the process system. Weaknesses: 1. Checks are promptly endorsed For rely Only 2. No list of the checks is prompt by the somebody opening the transmit 3.The mail is unresolved each by the shiver 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 think methods and procedures adopted within an governance to sentry duty its assets and to arouse the accuracy and reliability of its write up records. While I fork out no indication that employees are stealing, just currently on that point is no way to be 100% legitimate. For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.

judicature of Responsibilities: By assigning only principal individual for use of the checks as well as the bear upon of them, it provides a dafeguard against thieving or errors. When only one person open the mail, it is not sure about completely entree checks are forwarded to the cashier. Therefore, one person should prepare the list of checks so that can be compared with effortless cash summary. It makes sure that all checks on the lisst were deposited. solely mail receipts should be assailable in the comportment of devil 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 keister for evaluating the work of another employee. making one soulfulness responsible for all of the related activities increases the emf for errors and...If you want to vex a full essay, order it on our website: Ordercustompaper.com

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