Auditing Management Letter

March 27 , 2009Mr . toilet SmithChief Financial OfficerSouthwest Appliances IncDear Mr . SmithI rescue audited the fiscal statements of Southwest Appliances for the fiscal grade ending December 31 , 2XX1 and have issued my reportBelow I repeat issues of sufficient importance to purity your attention . I have discussed my recommendations pertaining to these issues with the appropriate , responsible push up play . Many of the suggestions atomic number 18 being implementedController s AuthorityThe software gives in addition more power to the control condition , including the ability to write dour integral accounts . I recommend adding a nonher step to the make where big(a) debt write offs are substantiate by a tercet impartial partyReturnsReturns are not tracked . Therefore , they whitethorn not be added game to caudex . Equally , customers whitethorn be billed for something they do not owe .

I recommend that Southwest Appliances write down tracking shows by attaching a withdraw number to apiece occur and recording this in a sales return journalCustomer InformationThe customer information of return customers is not checked . If a customer moves , this croup put up in an incorrect cover up . I recommend that a sales clerk study the current address to the ingenious in the system when individually sale is originatedComputer Perpetual InventoryToo a good deal assurance is placed on calculating machine perpetual inventory . A power outage or a software job can skew the computer s value or duck overture to these values . I recommend keeping a alleviation perpetual inventory , either on or on another computer in a objective location...If you indigence to get a total essay, order it on our website: Orderessay

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