Recommendation Brief for an Internal Accountant

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Recommendations for an Internal Auditor
Employees in a business must understand the organizational culture. Internal auditors, especially must understand the culture and all the attributes to the organization. The auditor must understand all employees and the organization’s operation and financial process. “Effective internal auditors must be excellent listeners, accurate translators of information, convincing presenters and credible reporters” (Chambers, 2010).
While working with management the auditor will need to establish a plan of action to evaluate the design of the controls old and new and their effectiveness. Tests are run to discover whether the controls are operating as they should or in this case discover the deficiencies. An operational audit will evaluate the efficiency of the organization’s processes. With examination they can decipher the organization’s financial information process. The auditor will run compliance audits to evaluate compliance with laws and regulations and organizational policies and procedures. The auditor will help the organization meet compliance with Committee of Sponsoring Organizations internal control standards. COSO has developed wide-ranging internal controls for organizations in the Guidance on Monitoring Internal Control Systems. The guidance provides objective assistance with the development and monitoring of internal controls. “The current guidance re-emphasizes that internal controls are an operational necessity for every business” (Goradia, 2009, p.16).
For controls that are out of control the organization may be exposed to inaccurate financial records and a greater chance for fraud. An internal audit will assist with grasping internal control inaccuracies. Deficiencies are examined further for the root of the cause and how ineffective controls can be mitigated. “The implications of any deficiencies will…...

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