StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Communication Activity BYP8-5 - Assignment Example

Cite this document
Summary
John May, Auditor CPA firm of Croix, Marais, and Kale 325 Billingsley Drive Los Angeles, CA 90211 Dear Mr. Mays, As the main auditor evaluating your business I would like to say that it is a pleasure servicing your company. Our CPA firm prides itself at attending the needs of our clients…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Communication Activity BYP8-5
Read Text Preview

Extract of sample "Communication Activity BYP8-5"

John May, Auditor CPA firm of Croix, Marais, and Kale 325 Billingsley Drive Los Angeles, CA 90211 Dear Mr. Mays, As the main auditor evaluating yourbusiness I would like to say that it is a pleasure servicing your company. Our CPA firm prides itself at attending the needs of our clients. The audit work to be performed on your company will focus on internal controls. Internal controls are very important in any accounting system. Internal controls are set up in an accounting system to protect the assets of a company.

The most valuable asset a company has is its cash account balance. Cash is considered the most liquid current asset. Cash is needed to pay off the short term and long term obligations of a company. Upon review of your internal control system to handle cash our firm found several deficiencies. The person that deposits the checks has properly endorsed checks that are ready for the deposit, but the person does not know the accuracy of his check deposit because he does not have a list of the checks.

Adding a list of checks would provide a way to verify if the checks that are supposed to be deposited are there. The person that is handling this transaction is the wrong person. Currently your company is allowing the cashier and the account receivable clerk to handle this transaction. This is a risky move because since these employees are dealing with cash and receivable they could collude against the company and create a fraud scheme to steal money from the firm. Since they are handling all aspects of the cash dealing it would be easy for them to steal without anyone noticing.

To fix the problem these employees should no longer handle the check deposits. The weekly deposit routine can be improved by switching to a daily deposit routine. Regards, John May, Auditor Tel. (856-932-1412)

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Communication Activity BYP8-5 Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/other/1420264-communication-activity
(Communication Activity BYP8-5 Assignment Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/other/1420264-communication-activity.
“Communication Activity BYP8-5 Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/other/1420264-communication-activity.
  • Cited: 0 times

CHECK THESE SAMPLES OF Communication Activity BYP8-5

Business Continuity and Disaster Recovery Plan

Therefore, our actions for recovery should also include timely communication to our customers to apprise them the expected delivery situation and what is to be expected in the future.... The aim of the paper “Business Continuity and Disaster Recovery Plan” is to provide the plan for disaster recovery and business continuity of ABC Company....
33 Pages (8250 words) Thesis

Business Continuity Management Is a Luxury in Times of Recession

BUSINESS CONTINUITY MANAGEMENT: A LUXURY IN TIMES OF RECESSION 1.... INTRODUCTION Business Continuity Management is defined by the Business Continuity Institute as: ".... ... ... he process of anticipating incidents which will affect critical functions and activities of the organisation, and ensuring response to any such incident in a planned and rehearsed manner" (Institute of Management Services, 2002)....
12 Pages (3000 words) Essay

Specificity of Children Play Therapy

The paper "Specificity of Children Play Therapy" underlines that child-centred play therapy plays a significant role in understanding the underlying troubles leading to the development of behavioural problems.... It is a tool that can help to deal with difficult behaviours with patient and empathy....
7 Pages (1750 words) Research Paper

A femnist Analysis of an Item of Popular culture

Popular Culture is defined as “cultural activities or commercial products reflecting,suited to,or aimed at the tastes of the general masses of people”.... herefore popular culture depicts the culturally and socially acceptable phenomena persisting in an area… Popular Culture is defined as “cultural activities or commercial products reflecting, suited to, or aimed at the tastes of the general masses of people”....
7 Pages (1750 words) Research Paper

Consumer and industry trends in the pub industry

London is faced with a changing beer market.... By the late 1990s, beer sales in pubs nationwide were flat.... This situation is expected to worsen as the local population aged.... The demographic segment responsible for 65% of beer consumption, males 19 to 34, was shrinking.... … Based on the data of the British Beer & Pub Association, in the last 10 years food sales in Britain's 30,000 managed pubs have risen by 165%....
9 Pages (2250 words) Essay

To develop business continuity and disaster recovery plan for mid sized companies

Therefore, our actions for recovery should also include timely communication to our customers to apprise them the expected delivery situation and what is to be expected in the future.... Presently, in a world where globalization is of utmost importance, businesses are dependent on the domestic and international markets for their product line support....
30 Pages (7500 words) Thesis

The Importance of Health Insurance

Telehealth Codes are used for real-time interactive and video communication activities.... The project aims to acquire knowledge on the rudiments of quicker reimbursements of the diabetes mellitus patients' medical nutrition therapy.... The project aims to clarify the importance of health insurance in reducing the healthcare expenses of the patients....
6 Pages (1500 words) Assignment

How E-Marketing Impact on Marketing Area

The activities consist of consumer communication, web development and promotion, newsgroup adverts, and electronic mail marketing and many more.... The paper "How E-Marketing Impact on Marketing Area" discusses that the marketing team deserves to know that a committed employee accepts and identifies himself with the values and goals of the organization, he works without supervision and he never thinks about quitting the job....
8 Pages (2000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us