Recommendation Brief for an Internal Accountant Essay

Currently, a client with an out-of-control form is avid for a change in order to regain their informal controls. For either familiarity, internal controls atomic number 18 highly important for success. Internal controls assist with minimizing mistakes and swindle however go out not completely eliminate them. The client has an out-of-control schema in operation and will definitely benefit from having an internal accountant. Therefore, it is extremely recommended that a well-qualified internal accountant be guided by the follow. An internal accountant will provide management with the obligatory development needed to handle issues that arise, as well as preform system audits to maintain 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 role of an internal accountant will include, but are not limited to, working closely with the owners and de arr ayment managers to evaluate the companys performance in the most vital areas of operation and examine the policies and procedures to ensure they are in line with the companys complaint and goals.More specifically, the internal accountant will evaluate the assets, financial accuracy, and that the standards of the political relation and industry are being followed correctly. The internal accountant will besides serve as a security measure for the company and their assets. To flat describe the responsibility of an internal accountant the first march would be to assess the current system and create a visualise of action to correct it. The audit will be focusing on deficiencies and areas of improvement. The plan will consist of correcting the items found to be working against the company and implementing suggested changes within. in one case the internal accountant has completed their assessment, a formal written recommendation describing the current control system and the defici encies, along with an explanation of how management sack up correct and improve the issues. The hiring of an internal accountant has many advantages, especially for a company with an out-of-control system much(prenominal) asthe client. The first would be the specie saving attribute because there would be no need to hire an outside auditor.Minimizing deficiencies to prevent a long-term negative affect is other hopeful advantage, as well as improving the overall military operation of the company to be more efficient in operations and thriving in hitting the companys mission and goals that have been set. The ensample outlook for the internal accountant position will pose an especial(a) knowledge base of the companys industry operations and goals. This medical prognosis will have access to confidential information that others may not possess, therefore being part of the companys staff will be able to conduct evaluations of the system and provide management with the necessary to ols to correct issues as they surface. Specific qualifications and requirements need to play a study role in the hiring process of the internal accountant. These items would include the proper beat of education and experience, to include the required licensing to conduct the appropriate job functions legally. pass will play a primary role when it comes to written reports and by the way problem solving techniques for the current out-of-control system.The client advantage to hiring a panorama with a certain amount of knowledge of the industry would be that the candidate will already have a direction based bump 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, on the loose(p)-minded, and observant. Many other qualities would be looked upon as well. Thus, a recommendation to hire a well-qualifie d, knowledgeable, 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 plenty http//www.fdic.gov/regulations/laws/rules/5000-3250.html