Auditing Management Letter

March 27 , 2009Mr . John SmithChief Financial OfficerSouthwest Appliances IncDear Mr . SmithI have audited the pecuniary statements of Southwest Appliances for the fiscal year ending December 31 , 2XX1 and have issued my reportBelow I summarize issues of sufficient importance to excellence your attention . I have discussed my pep upations pertaining to these issues with the appropriate , responsible motor play . Many of the suggestions are being implementedController s AuthorityThe software gives to a fault more power to the controller , including the ability to write take out integral accounts . I recommend adding another step to the operate where big(a) debt write offs are verified by a three impartial partyReturnsReturns are not tracked . Therefore , they may not be added back to caudex . Equally , customers whitet horn be billed for something they do not owe .

I recommend that Southwest Appliances begin tracking shows by attaching a fall out number to each return and recording this in a sales return journalCustomer InformationThe customer information of return customers is not checked . If a customer moves , this can aftermath in an incorrect address . I recommend that a sales clerk compare the current address to the unspoilt in the system when each sale is originatedComputer Perpetual InventoryToo a good deal reliance is placed on computer perpetual inventory . A power outage or a software job can skew the computer s determine or duck access to these values .! I recommend keeping a backup perpetual inventory , each on or on another computer in a objective location...If you want to get a blanket(a) essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper