Recommendation Brief for an Internal Accountant

Recommendation Brief for an Internal Accountant

Sonya Cunningham

University Of Phoenix

Internal Control System ACC/544

Gary Godfrey

June 22nd, 2015

Recommendation Brief for an Internal Accountant

A client has an out-of control system. A recommendation has been made to hire an internal auditor. This brief will explain the benefits of using an internal auditor and how the qualifications and background of the internal auditor will benefit the company. An internal control is a process set into place by a company to make certain the integrity of accounting and financial data succeed operational and productivity goals and convey management procedures throughout a business. “According to the Institute of Internal Auditors, “internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes” (http://www.withum.com/kc/benefits-internal-audit/) An internal Auditors are member of staff of a company who typically reports to the highest levels of management and responsible for giving self-determining and objective assessments of the company's financial and operational business actions, as well as its corporate control. They also offer assessments of operational effectiveness and how to develop the overall configuration and practices of the company.

Benefits of Using an Internal Auditor

Internal auditing is intended to develop an organization’s daily operations. They are many benefits to using an internal auditor but the main benefits are: identification and assessment of risks, evaluating controls, ensuring compliance with regulations, improve effectiveness and efficiency of processes and provide comfort to management, the Board and stakeholders. Using internal auditors helps a company recognize...