8. Lily Company has the following staff: Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company) Ms. Des – Sales and Collection accountant Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company). As an auditor, what is the best recommendation you would offer to the management? Group of answer choices Hire a competent Accounting Manager. Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position. Assess organizational chart of the company. Train, mentor and supervise the employees.
8. Lily Company has the following staff: Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company) Ms. Des – Sales and Collection accountant Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company). As an auditor, what is the best recommendation you would offer to the management? Group of answer choices Hire a competent Accounting Manager. Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position. Assess organizational chart of the company. Train, mentor and supervise the employees.
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 3TP: Assume you are a senior accountant and have been assigned the responsibility for making the entries...
Related questions
Question
8.
Lily Company has the following staff:
Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company)
Ms. Des – Sales and Collection accountant
Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company).
As an auditor, what is the best recommendation you would offer to the management?
Group of answer choices
Hire a competent Accounting Manager.
Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position.
Assess organizational chart of the company.
Train, mentor and supervise the employees.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,