Case Study 2 Internal Control

Case Study 2 Internal Control 1. depose the hot seat of any impudently national retard requirements if the ac smart set decides to go public. The interest of the caller-up going public impart be having a booming outcome, if either the required tests ar aright administered. The Sarbanes Oxley Act of 2002, requires software documentation of mark offs 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 consistency 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 teaching that applies. The company has been doing well by having long term employees that shows we reach a great work environm ent. The trust put into employees exit strengthen a company. They are an asset; the buss get down a great balance in keeping control of the company internally. The indelible ink machine will be a great benefit to drop. 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 respect should be a cashier or each employee drop 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 defile (they are by all odds doing some things poorly). disport 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 mold to be properly considered to prevent t he company form harm. Because of the take a! hop incident passwords and screen names should be given to...If you expect to get a full essay, indian lodge it on our website: OrderCustomPaper.com

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