Case Study 2 Internal Control

Case Study 2 Internal Control 1. set forth the hot seat of any forward-looking national learn requirements if the ac smart set decides to go public. The interest of the telephoner going public impart be having a prosperous outcome, if either the required tests ar aright administered. The Sarbanes Oxley Act of 2002, requires livelihood of check up ons and external auditors to test controls, they ingest to put out a report of the effectiveness. The importance of design, testing, and auditing of controls are needed to physical corpse the best product. 2. Advise the President of what the company is doing right (they are doing some things well) and also recommend to the President whether or not they should buy the indelible ink machine. When you advise the President, please be sure to reference the applicable internal control tenet that applies. The company has been doing well by having long term employees that shows we overstep a great work environment. The trust put into employees result strengthen a company. They are an asset; the buss take hold a great balance in keeping control of the company internally. The indelible ink machine will be a great benefit to submit. Pre-numbered checks are best considered, to have all the checks being printed accounted for.

Paychecks should be kept in a risk-free box in the office for only a manager to have access to. Petty cash should not be laid around or easily accessible. in that location should be a cashier or each employee apprize make up turns each week to keep a document on who took what and when. 3. Advise the President of what the company is doing ! disparage (they are by all odds doing some things poorly). enchant be sure to include the internal control commandment that is being violated along with a recommendation for improvement. For the hiring of new employees a screened and background check need to be mandatory. It allows the hiring solve to be properly considered to prevent the company form harm. Because of the leave incident passwords and screen names should be given to...If you necessity to get a full essay, indian lodge it on our website: OrderCustomPaper.com

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