Friday, February 22, 2019
Recommendation Brief for an Internal Accountant
Recommendation shortened for an Internal Accountant Recommendation Brief for an Internal Accountant A client has an out-of-control system that is in fatality of change to get it endorse into control. Internal controls atomic number 18 an classical part of a compevery. The role of natural controls is to keep mistakes from occurring as much as manageable. It also aids in preventing unmarrieds from existence dishonest. The system the client is using is out-of-control, and it is highly recommended that the company operate an indwelling accountant. The knowledgeable can provide information to managers to limit any problems and audit the system internally.Implementing internal audits will divine service build credibleness within the company and keep violations from occurring that would violate laws and regulations. An internal auditor would operation with management and owners to analyze important battlefields of the companys performance. These areas that would be canvass would include assets, accuracy of financial information, and ensuring that government and industry standards and regulations are being followed. A nonher point that the internal auditor would confirm is that the policies and procedures are aline with the companys goals.An internal auditor would add security and be an asset to the company. The first step an internal auditor would initiate would convey a plan to evaluate the current control system that is in place. Any deficiencies found would be documented and evaluated for improvement. The deficiencies would need to be reverse if possible. At the completion of the audit from the internal auditor a write recommendation explaining the control system and what needs to be done to countersink the deficiencies would be given to the management of the company.There are positives in hiring an internal accountant for a company that has a system out-of-control. The first positive is the faculty to minimize or extinguish any deficiencies before there are long- term effects. The second positives is the control system would be improved and help in the function of the company so that goals can be met more than efficiently. A third positive is there would be a nest egg in money. There would no longer be a need to hire an outsider to do what an internal auditor can do. The one-on-one hired would be knowledgeable about how the company is operated and its goals.They would also flip access to information about the company that others may not mystify access to. The internal auditor would be on staff to do evaluations on a continual basis and be able to answer management and solve problems as issues may arise. When looking to hire an internal accountant there are some requirements or qualification that the individual needs to possess. One requirement or qualification the applicant should pack is the proper education and licensing that would be appropriate for the job of internal accountant.Another area that would be i mportant is have is go steady. For the applicant to have experience in how to handle certain situations or already have ideas of what works and does not work is important. The experience can be a time rescuer in solving problems with the current system. A third skill that would be an advantage in an applicant would include being knowledgeable and see in report writing skills. The last are to look at for a possible candidate is person characteristics.These characteristics would include being ethical, observant, self-reliant, confident, trustworthy, perceptive, and open-minded. It is important to hire an internal accountant as soon as possible because the companys current system is already out-of-control. Hiring someone with experience would be beneficial and an asset to an already failing system. A slap-up working relationship between the internal auditor and management is rattling to the company. Having a good working relationship will help in communicating the needs and goals of the company.A recommendation of hiring a well qualified internal accountant is vital to the success of the company. References FDIC federal Deposit Insurance Corporation. (n. d. ). FDIC Federal Deposit Insurance Corporation. Retrieved April 8, 2013, from http//www. fdic. gov Audit Process. (n. d. ). University Audit Office. Retrieved April 8, 2013, from http//www. audit. cornell. edu/audit. html acceptable to NewAccountantUSA. com. (n. d. ). Welcome to NewAccountantUSA. com. Retrieved April 8, 2013, from http//www. newaccountantusa. com
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