It Internal Control

IT privileged Control Report Joe Gish ACC/544 November 5, 2012 Elizabeth S. Thornton November 5, 2012 To: Senior Management From: Joe D. Gish, restrainer RE: Internal Controls practiced Senior Management: Our innate controls here at Apollo, I believe need to be ascertained once more. Internal controls be vital to our organizations success, as we progress to an elite distributer of shoes in a globalized market. If our internal controls are deficient, and so we go forth wee-wee severe problems and adjustments to be done at audit time, which go forth be detrimental to the whole company. The auditors will test us vigorously to put through the state of our organization. The biggest landing field of uphold I see is in our gross round of drinks. I craving to do a full investigation on how our invoices go, and to take a leak out the monies billed are being collected on a timely fashion. This directly affects our: bottom line, cash collecti ons, and equipoise sheet. I need to coordinate with Ms. Ramirez in Internal examine to readily devise a plan to test these controls. In addition, I feel a need to trace the invoices, proceeds to see how they exactly fit in on the financials. If the internal controls are lacking in this area, our: sales, cash, and accounts receivable figures could be grossly everywhere/understated.

If this is the case, the upcoming audit will prove to be demoralizing to us and our shareholders. If material misstatements are found in our financials our line of reasoning price will also plummet. Our report essential be accurate, because this is going to be filed with the Securities Exchan ge Commission (SEC). Because a managerial ! report on internal controls is mandated by conventionality 404 of Sarbanes Oxley, ergo we have to be certain our controls are up to par. I will work with Ms. Ramirez to identify the problems in the revenue cycle by checking approval on the invoicing side. We need to ensure alone invoices are properly approved by the conterminous supervisor and each invoice is checked by the compliance...If you emergency to get a full essay, order it on our website: OrderEssay.net

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