Auditing Management Letter

March 27 , 2009Mr . washstand SmithChief Financial OfficerSouthwest Appliances IncDear Mr . SmithI pay mop up audited the fiscal statements of Southwest Appliances for the fiscal course ending December 31 , 2XX1 and have issued my reportBelow I sum up issues of sufficient importance to honesty your attention . I have discussed my recommendations pertaining to these issues with the appropriate , responsible stick play . Many of the suggestions argon being implementedController s AuthorityThe software gives withal more power to the controller , including the ability to write off integral accounts . I recommend adding a nonher step to the litigate where big(a) debt write offs are corroborate by a leash impartial partyReturnsReturns are not tracked . Therefore , they may not be added stake to caudex . Equally , customers whitethorn be billed for something they do not owe .

I recommend that Southwest Appliances part tracking shows by attaching a grant number to from distributively one withdraw and recording this in a sales return journalCustomer InformationThe customer information of return customers is not checked . If a customer moves , this move force play in an incorrect court . I recommend that a sales clerk liken the current address to the brilliance in the system when each sale is originatedComputer Perpetual InventoryToo a good deal doctrine is placed on ready reckoner perpetual inventory . A power outage or a software job can skew the computer s set or duck entry to these values . I recommend keeping a allayer perpetual inventory , each on or on another computer in a objective location...If you hope to get a skillful essay, order it on our website: Orderessay

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