ask 1) Review and evaluate the accounting system This review can be of the complete system or of one or more of the accounting functions - depending on your findings - but must specifically cover the following points: • Record keeping systems - explain the purpose of financial reports and the suitability of the organisation’s current reports to meet organisational needs • Internal systems of control - identify how internal control supports the accounting system and the types of internal control in place and anycontrols that are missing • Fraud – explain the causes of fraud, common types of fraud, methods that can be used to detect fraud and potential areas for fraud within the organisation • Working methods/practices - review the working methods used including the use of appropriate computer software and the operating methods in terms of reliability, speed and cost effectiveness • Training –identify how training is or can be used to support staff. The review should cover all aspects of the assessment criteria, as mapped above, when they can naturally be introduced into the report. If the criteria cannot be covered in the report then they should be covered in a written explanation included in the appendix. Whilst a SWOT analysis may be a good starting place, this should not be placed in the body of the report
ask 1)
Review and evaluate the accounting system
This review can be of the complete system or of one or more of the
accounting functions - depending on your findings - but must specifically
cover the following points:
• Record keeping systems - explain the purpose of financial reports and the
suitability of the organisation’s current reports to meet organisational needs
• Internal systems of control - identify how internal control supports the
accounting system and the types of internal control in place and anycontrols that are missing
• Fraud – explain the causes of fraud, common types of fraud, methods
that can be used to detect fraud and potential areas for fraud within the
organisation
• Working methods/practices - review the working methods used
including the use of appropriate computer software and the operating
methods in terms of reliability, speed and cost effectiveness
• Training –identify how training is or can be used to support staff.
The review should cover all aspects of the assessment criteria, as mapped
above, when they can naturally be introduced into the report. If the criteria
cannot be covered in the report then they should be covered in a written
explanation included in the appendix.
Whilst a SWOT analysis may be a good starting place, this should not be placed
in the body of the report
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