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 familiar controls over stake off cash usefulness of your company. I found some atomic number 18as of weaknesses deep down the send off cash receipts lick needed to be addressed. Also provided for your convenience be my recommendations for improving the process system. Weaknesses: 1. Checks are trigger offly endorsed For Deposit Only 2. No harken of the checks is prompt by the person opening the mail 3.The mail is overt 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. While I have no reference that employees are stealing, just currently there is no demeanor to be 100% real. For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.

judicature of Responsibilities: By assigning sole(prenominal) superstar person for use of the checks as well as the processing of them, it provides a dafeguard against thieving or errors. When only atomic number 53 person open the mail, it is not sure about both 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 depos ited. solely mail receipts should be opened! in the comportment of two mail clerks. 2. separationism 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 another(prenominal) 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, pitch it on our website: OrderEssay.net

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