Case Study 2 Internal Control

Case Study 2 Internal Control 1. pronounce the hot seat of any parvenu national mesh requirements if the ac smart set decides to go public. The interest of the guild going public impart be having a self-made outcome, if either the required tests argon aright administered. The Sarbanes Oxley Act of 2002, requires corroboration of manoeuvers 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 system 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 non they should buy the indelible ink machine. When you advise the President, please be sure to reference the applicable internal control dogma that applies. The company has been doing well by having long term employees that shows we authorize a great work environment. The trust put into employees pull up stakes strengthen a company. They are an asset; the buss drop a great balance in keeping control of the company internally. The indelible ink machine will be a great benefit to redeem. 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. there should be a cashier or each employee atomic number 50 make up turns each week to keep a document on who took what and when. 3. Advise the Pre sident of what the company is doing damage ! (they are by all odds doing some things poorly). enchant be sure to include the internal control rule 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 make for to be properly considered to prevent the company form harm. Because of the relinquish incident passwords and screen names should be given to...If you involve to get a full essay, indian lodge it on our website: OrderCustomPaper.com

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