Case 2

1)Inform the hot seat of all youthful essential deem requirements if the familiarity decides to go public. If the bon ton decides to go public, in that respect be so whizzr a few things that leave al one pass on to be changed. The new upcountry control requirements go by consist of cardinal person handling the petty cash, one person allow for furrow the handle the ordering of the supplies and a nonher(prenominal) will handle the paying for the supplies, and there has to be guard duty within the go with, and auditors will be brought into the company to counteract the companys systems. 2) purport the President of what the company is doing right (they atomic number 18 doing some things well) and too recommend to the President whether or not they should buy the unerasable ink machine. When you advise the President, please be sure to lineament the applicable knowledgeable control educational activity that applies I conceive of that the company has ma de the right decisions by bringing in my accounting firm to evaluate the systems and exhausting to improve the internal controls of the company before going public. I think that it was a life-threatening judgement to bring a firm in from the outside to pulsate a divulge idea and prove better suggestions for the company.

The company is doing a good job in keeping the checks in a honorable place everywhere the weekend, ensuring that no one is able to get ahold to any ones check while there is nobody in the office. Using prenumbered invoices is a great idea because it is easier to comprehend checks and to experience that there are not any fake checks existence made, and it is easy f or a person to track a check due to the pren! umbered invoices. I would recommend the President of the company leverage the new ink machine. This machine will help to micturate order in the checks, keep track of checks in the system, and nominate things faster and more efficient. The applicable internal control principle that applies would be benefits. I feel that by purchasing the new machine, it would add a benefit to the companys internal controls. 3)Advise the President of what the...If you want to get a liberal essay, order it on our website: OrderEssay.net

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