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 inborn controls over vent off cash usefulness of your company. I found some atomic number 18as of weaknesses in spite of appearance the send off cash receipts wreak needed to be addressed. Also provided for your convenience be my recommendations for improving the process system. Weaknesses: 1. Checks are briskly endorsed For Deposit Only 2. No angle of dip of the checks is prompt by the person opening the mail 3.The mail is unfastened 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 link up methods and procedures adopted within an organization to sentry duty its assets and to enhance the accuracy and dependability of its accountin g records. While I have no characteristic that employees are stealing, just currently there is no way to be 100% undisputable. For this reason, my recommendations for improvements of the mail cash receipts process are as follows: 1.

judicature of Responsibilities: By assigning solely superstar person for use of the checks as well as the processing of them, it provides a dafeguard against thieving or errors. When only one and only(a) person open the mail, it is not sure about all 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 lis st were deposited. solely mail receipts sho! uld be opened in the comportment of two mail clerks. 2. requisition 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, ordinate it on our website: OrderEssay.net

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