Acc 541 Recearch

Recommendation Brief for an Internal Accountant

ACC/544 Internal Control Systems

Monday September 21, 2015

Recommendation Brief for an Internal Accountant

After reviewing the current company situation and following the recommendation to hire an internal accountant the company will benefit from this recommendation by finding ways to improve and achieve short-term and long-term objectives. The internal auditor will be hire to perform internal audits to the company daily operations, investigating fraud, testing the integrity of the financial reports, safeguarding company assets, and assuring compliance of the business laws and business regulations set for companies. The internal auditor will be a key person to create, implement, and deploy new effective internal controls.

Company Benefits if hire an Internal Auditor

The company will gain control over the following tasks;

* Operation control processes for planning, organizing, and directing.

* Measure management indicators system for reporting and monitoring performance.

* Risk-management and how management take action over identify issues and how they stablish short and long term goals and objectives and how they will be achieve.

* Assets and fraud protection by reviewing and identifying errors and reports accuracy

* Operation controls will allow the company to improve efficiency in operations, quantify the company operations efficiency and, effectiveness by setting management indicators.

* Increasing financial integrity by assuring accuracy of the information systems, accounting, data entries, management procedures, and internal controls are accurate and adequate.

* Continued internal audits ensure compliance with laws and statutory regulations safeguarding assets by guaranteeing compliance if any laws changes affect directly the company assets.

* Establishing standard operation procedures (SOP’s) avoids the formation of faulty procedures and reduce the company...