- Your research paper is written by certified writers
- Your requirements and targets are always met
- You are able to control the progress of your writing assignment
- You get a chance to become an excellent student!
The last section of this paper will present a memo showing a brief analysis of the aforesaid organizational charts.
III ? Memo to the Audit Manager
July 4, 2007
To: The Audit Manager
Subject: ES & L Assignment of Responsibility for Control and Organizational Structure of the EDP department
We have carefully analyzed and studied the assignment of responsibility for control and the organizational structure of the EDP department of Equivocal Savings and Loan Association and have come up with or identified several strengths and weaknesses. The different commendable areas with regard to the assignment of responsibility for control include:
? The establishment of an Audit Committee in the board of directors which ensures that adequate controls are built into the system
? The presence of a control group in the accounting department which monitor the accuracy and completeness of data processing
? Reports from the internal auditors on controls built into the new systems which are submitted to and reviewed by the Audit Committee
? The active participation of the chairman of the board regarding audit and internal control matters through constant communication with his subordinates
? The presence of a Vice President for Finance who practically performs the function of a corporate financial manager
Included among the flaws in assigning responsibility for control are the following:
? Non-participation of senior corporate management in the overall approval of EDP systems design
? The performance of incompatible functions by the EDP specialist in the internal audit department
? Non establishment of an outside control group which could have act as an independent check on the functioning of the EDP department
Regarding the organizational structure of the EDP department, the following strong points are noted:
? Assignment of job title for each person in the department
? Systems analysis and systems programming are separated from operations
? The documentation director basically performs the function of a librarian
? The function of a network administrator is performed by the communications analyst
However, the structure of the EDP department also contains several weaknesses such as:
? Non-establishment of a control group which would have been important in monitoring the accuracy of transaction processing and ensuring that no data are lost or mishandled within the EDP department
? Failure to have a security officer and a quality control manager which would have been vital in a large company like ES & L
In summary, the company currently has done a fairly effective job in assigning responsibility for control and structuring its EDP department...
Calculate a fair price for your order
Do you need an essay?
Professional team of writers is able to craft custom essay from scratch according to your instructions. We are ready to satisfy writing needs of every demanding customer.
Do you need many essays?
The product provided is intended to be used for research or study purposes. Get instant access to over 200,000 papers.
Common topics in this essay:
- Benefit From Assessing Internal Control Procedures
- Human Resource Department As An Internal Consultant
- Internal Cash Control
- Internal Control Objectives For Sponsored Program Awards
- Internal Control
- Major Internal Control
- Management systems: Behavior control and Output control
- Understanding Internal Control
- 1984: The Control Of Reality For Control Of The Masses
- Equivocal Savings and Loans
- Identify Internal Control Principles
- Cardiorespiratory Function and Control During Exercise
- internal control
- Common Sense Control, Not Gun Control
- Gun control or people control
Feedback of people who used our services.
My experience with ManyEssays.com is extremely satisfying! I was amazed on your user-friendly website which is very helpful. I have also happy on how your customer service experts ...
I would like to say thank you for the level of excellence on providing written works. My University required us a very difficult paper using a very specific writing format and ...
I am happy with the results your company gives. ManyEssays.com is the best place for essays!
I was given by my professor a very difficult essay assignment and I really don’t know what to do. I needed help and ManyEssays.com came at the right time. I quickly availed your ...
I am very happy on the excellent job your writers did on my thesis. It was beautiful in every way, it was a literary masterpiece! Everything was done according to instructions and ...
A top-notch organization all the way and a model in excellent service, your company is. The level of expertise in your field is exceptional as you have in your employment the best ...
Your writing service is so amazing! I was skeptic at first on how your company provides result, but my skepticism gradually vanished immediately after you had finished one task in ...
Your services were an important factor for my academic advance during my college years. I really thank you that you were there when I needed help in my term paper. Your company ...
3 pages / 696 words
2 pages / 440 words
2 pages / 302 words
2 pages / 500 words
1 pages / 154 words
2 pages / 562 words
1 pages / 117 words