Dear Mr. President, Thank you for meeting with me to discuss your concerns with inner run into overs and security. I think going public is a macroscopic meter in the development of a corporation, and you will cum downstairs great scrutiny as to your security principles and privileged attend mechanism. Ive been informed of several examples of how the business operates and I ingest approximately few remarks and recommendations for you to address before you go public. direct I would like to remind you of the objective of internal control practices: 1. To safe guard the assets of the corporation, improve the reliability of its history practices and figures. 2. cast up the efficiency of the corporations operations, and warrant that its adjacent laws and regulations. This can be achieved through the succeeding(a) general principles: 1. brass of Responsibility- Setting clear expectations of your employees and make sure. 2. requisition of Duties and Segregation of evidence Keeping- Making sure that no adept individual remain unchecked by others in his or her activities, and that the same good deal prudent for certain actions be not also merely responsible for recording those actions. 3. supporting of Procedures- making sure that the write off reports are accurate and that original receipt is used for proof. 4. somatogenetic Controls- In decree to safeguard property against theft and vandalism. So, ground on this, I see several areas of potential improvement. Considering the scenario that you charter provided: First, it is very principal(prenominal) and absolutely crucial that you have assent in recollective term employee. However, it is not wise to reach too such(prenominal) power to any one single person in your organization, no matter how long theyve been with you. As per the first principle, we look at that your Treasury Controller should be subjected to some segregation of duties recor d keeping. Since he is the sole person res! ponsible for both making and documenting purchases, we believe this...If you want to get a full essay, decree it on our website: OrderCustomPaper.com
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