Byp 8-5

Date: February 10, 2012 Jerry Mays Owner Manhattan Comp each 25 W thirty-ninth Street New York, NY 10018 practiced Mr. Mays, After spending furthermost week reviewing your native cook process, I found it to be very hard to do a fair scrutinise on your conjunction, due to the hapless evidences kept by your employee who in like manner maintains the accounts receivable records. I would give cargon to identify any(prenominal) weaknesses I found within your internal control process, as substanti ally as recommend some changes that I believe could sanction chant and secure your social clubs assets. First, you should hire a secretarial assistant who has the experience in book keeping and accounting. Secondly, you should kick downstairs the duties of the secretary and the clerks of your company. Your secretary should totally be responsible for all duties including handling entree and outstrip mail. In addition to your secretary duties, he/she go f orth be responsible for any mistakes that are made regarding the companys book keeping. By assigning specific duties to the individuals, it will help lessen the chance of thieving from the company. Furthermore, employees should not open any mail or spread over any of the company funds. each(prenominal) company secretarys should be recorded on the bank deposit slip, so that you will have record of all incoming checks from your various clients and vendors.

By this being in place, it will litigate as a backup for bring in the companys deposits. Furthermore, the importance of assigning duties to specific individuals will help abase fraud within the company. Finally, the comp any should unendingly maintain and bring d! own proper documentation procedures for the company and always, cross checks your book of records. By implementing and enforcing the recommendations mentioned above, will eventually strengthen and secure your companys assets and will make the watercourse of your process a circuit smoother. If you have any questions, concerns or would like to discuss and in a meeting get hold free to take on me via email or phone....If you want to get a liberal essay, order it on our website: OrderEssay.net

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