Recommendation Brief for an Internal Accountant Essay

Currently, a client with an out-of-control dodge is grasping for a change in order to regain their indwelling controls. For whatsoever fraternity, inborn controls are highly definitive for advantage. Internal controls assist with minimizing mistakes and dishonesty til now allow for not completely go across them. The client has an out-of-control body in exertion and ordain definitely benefit from having an versed comptroller. Therefore, it is extremely recommended that a well-qualified immanent control be use upd by the conjunction. An internal accountant lead pr asideer management with the necessary information call for to handle issues that arise, as well as preform scheme audits to maintain internal accountability. Setting forth a true(p) internal audit system entrust build stability within the fellowship and assist with violations occurring with laws and regulations. The role of an internal accountant will admit, but are not limited to, working closely w ith the owners and incision managers to evaluate the callers act in the most vital areas of functioning and review the policies and procedures to ensure they are in decipher with the companys committal and goals.More specifically, the internal accountant will evaluate the assets, financial accuracy, and that the standards of the government and intentness are being followed classly. The internal accountant will also serve as a security measure for the company and their assets. To directly describe the responsibility of an internal accountant the first action would be to assess the current system and relieve oneself a plan of action to castigate it. The audit will be counsel on deficiencies and areas of improvement. The plan will incorporate of riging the items found to be working against the company and implementing suggested changes within. Once the internal accountant has immaculate their assessment, a formal written testimony describing the current control system a nd the deficiencies, on with an explanation of how management can correct and improve the issues. The hiring of an internal accountant has many reinforcements, especially for a company with an out-of-control system such asthe client. The first would be the money saving attribute because thither would be no need to hire an outside auditor.Minimizing deficiencies to prevent a long-run negative affect is another encouraging advantage, as well as better the overall functioning of the company to be more efficient in trading operations and successful in hitting the companys mission and goals that hire been set. The exalted candidate for the internal accountant specify will pose an exceptional experience base of the companys diligence operations and goals. This candidate will baffle access to confidential information that others whitethorn not possess, therefore being part of the companys staff will be able to conduct evaluations of the system and provide management with the n ecessary tools to correct issues as they surface. Specific qualifications and requirements need to pass a major role in the hiring process of the internal accountant. These items would include the priggish amount of education and experience, to include the unavoidable licensing to conduct the appropriate job functions legally. acknowledge will play a direct role when it comes to written reports and timely business solving techniques for the current out-of-control system.The client advantage to hiring a candidate with a veritable amount of knowledge of the industry would be that the candidate will already have a direction based 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, open-minded, and observant. Many other qualities would be looked upon as well. Thus, a recommendation to hire a well- qualified, 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, phratry 16). FDIC LAws, Regulations, Related Acts. Retrieved from Federal Deposit policy Corporation http//www.fdic.gov/regulations/laws/rules/5000-3250.html