Recommendation Brief for an Internal Accountant Essay

Currently, a client with an out-of-control system is grasping for a change in order to regain their inherent controls. For any come with, intragroup controls are highly important for success. Internal controls countenance with minimizing mistakes and dishonesty merely allow non completely eliminate them. The client has an out-of-control system in operation and leave definitely benefit from having an informal accountant. Therefore, it is fundamentally recommended that a well-qualified immanent accountant be hired by the union. An inseparable accountant will provide management with the necessary information essential to handle issues that arise, as well as preform system canvass to prevent internal accountability. Setting forth a reliable internal audit system will build stability within the company and assist with violations occurring with laws and regulations. The situation of an internal accountant will include, but are not limited to, working closely with the owner s and department managers to evaluate the companys performance in the most vital areas of operation and review the policies and procedures to pick up they are in overseas telegram with the companys mission and goals. more than specifically, the internal accountant will evaluate the assets, financial accuracy, and that the standards of the government and manufacture are being followed levelly. The internal accountant will also dish up as a security measure for the company and their assets. To directly notice the responsibility of an internal accountant the first action would be to mensurate the catamenia system and create a plan of action to typeset it. The audit will be focusing on deficiencies and areas of improvement. The plan will consist of crystaliseing the items found to be working against the company and implementing suggested changes within. Once the internal accountant has completed their assessment, a formal written good word describing the current control syste m and the deficiencies, along with an explanation of how management can correct and improve the issues. The hiring of an internal accountant has many advantages, especially for a company with an out-of-control system such as the client. The first would be the money providence attribute because there would be no need to hire an extraneous auditor.Minimizing deficiencies to prevent a long-term negative affect is another wannabee advantage, as well as improving the overall functioning of the company to be more efficient in operations and successful in hitting the companys mission and goals that have been set. The ideal medical prognosis for the internal accountant position will pose an exceptional association base of the companys industry operations and goals. This candidate will have access to confidential information that others may not possess, whence being part of the companys staff will be able to conduct evaluations of the system and provide management with the necessar y tools to correct issues as they surface. Specific qualifications and requirements need to play a major role in the hiring process of the internal accountant. These items would include the proper amount of culture and experience, to include the required licensing to conduct the appropriate job functions legally. Experience will play a primary role when it comes to written reports and timely worry solving techniques for the current out-of-control system.The client advantage to hiring a candidate with a certain amount of contendledge of the industry would be that the candidate will already have a direction based off of what they know works versus what does not work. As a final part to the hiring process, the internal accountant should display personal attributes that include basic characteristics. Attributes such as being confident, trustworthy, open-minded, and observant. Many other qualities would be looked upon as well. Thus, a recommendation to hire a well-qualified, knowledge able, and experienced internal accountant would be an extreme advantage for the client. The client will need to display an open line of communication and maintain that communication for the success of the companys internal controls.ReferencesFDIC. (2013, September 16). FDIC LAws, Regulations, Related Acts. Retrieved from Federal Deposit Insurance Corporation http//www.fdic.gov/regulations/laws/rules/5000-3250.html