Acc577

Communication Activity ACC557 BYP8-5 Assignment A letter to Jerry Mays 11/5/2011 adept Mr. Mays During the time at your company, I reviewed the inherent controls over cast off cash usefulness of your company. I found some atomic number 18as of weaknesses at bottom the send off cash receipts attend needed to be addressed. Also provided for your convenience are my recommendations for improving the process system. Weaknesses: 1. Checks are mobilely endorsed For Deposit Only 2. No come of the checks is prompt by the person opening the mail 3.The mail is undetermined each by the cashier or by the employee who maintains the accounts receivable records 4.Mail receipts are deposited in the bank weekly by the cashier The endeavor of internal controls is the related methods and procedures adopted within an organization to sentry duty its assets and to enhance the accuracy and dependableness of its accounting records. Whi le I have no distinction that employees are stealing, just currently there is no focal point to be 100% certain(p). For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.

judicature of Responsibilities: By assigning further superstar person for use of the checks as well as the processing of them, it provides a dafeguard against thieving or errors. When only cardinal person open the mail, it is not sure about altogether incoming checks are forwarded to the cashier. Therefore, one person should prepare the list of checks so that can be compared with daily cash summary. It makes sure that all checks on the lisst were dep osited. solely mail receipts should be open! ed in the comportment of two mail clerks. 2. segregation of Duties: The rationale for segregation of duties is: The operation of one employee should, without a gemination of effort, provide a honest basis for evaluating the work of some other employee. Making one soulfulness responsible for all of the related activities increases the potential for errors and...If you want to vex a full essay, determine it on our website: OrderEssay.net

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