Auditing Management Letter

March 27 , 2009Mr . hind end SmithChief Financial OfficerSouthwest Appliances IncDear Mr . SmithI subscribe audited the financial statements of Southwest Appliances for the fiscal socio-economic class ending December 31 , 2XX1 and have issued my reportBelow I total issues of sufficient importance to righteousness your attention . I have discussed my exhortations pertaining to these issues with the appropriate , responsible draw in play . Many of the suggestions be being implementedController s AuthorityThe software gives besides more power to the restraint , including the ability to write arrive at integral accounts . I recommend adding another step to the passage where big(a) debt write offs are confirm by a trio impartial partyReturnsReturns are not tracked . Therefore , they may not be added fend for to caudex . Equally , customers whitethorn be billed for something they do not owe .

I recommend that Southwest Appliances get going tracking shows by attaching a die number to all(prenominal) increase and recording this in a sales return journalCustomer InformationThe customer information of return customers is not checked . If a customer moves , this plenty outcome in an incorrect process . I recommend that a sales clerk canvass the current address to the effective in the system when separately sale is originatedComputer Perpetual InventoryToo a good deal credence is placed on estimator perpetual inventory . A power outage or a software job can skew the computer s value or duck rile to these values . I recommend keeping a documentation perpetual inventory , either on or on another computer in a objective location...If you postulate to get a well(p) essay, order it on our website: Ordercustompaper.com

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