Recommendation Brief for an Internal Accountant Essay

Currently, a client with an out-of-control organisation is grasping for a change in order to regain their home(a) controls. For any lodge, home(a) controls atomic number 18 passing important for success. Internal controls assist with minimizing mistakes and dishonesty however will not completely eliminate them. The client has an out-of-control system in operation and will unquestionably benefit from having an ingrained accountant. Therefore, it is extremely recommended that a well-qualified internal accountant be directd by the company. An internal accountant will provide watchfulness with the necessary information needed to handle issues that arise, as well as preform system audits to respect internal accountability. Setting forth a steady-going 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 own ers and department managers to evaluate the companys performance in the most vital areas of operation and review the policies and procedures to take in they are in line with the companys mission and goals.More specifically, the internal accountant will evaluate the assets, financial accuracy, and that the standards of the government and industry are being followed correctly. 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 create a plan 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. Once the internal accountant has completed their assessment, a buckram create verbally recommendation describing the current control system and the deficienci es, along with an explanation of how management can correct and improve the issues. The hiring of an internal accountant has many advantages, curiously for a company with an out-of-control system such asthe client. The first would be the money saving attribute because there would be no need to occupy an outside auditor.Minimizing deficiencies to prevent a long-term negative affect is another hopeful advantage, as well as improving the overall functioning of the company to be more efficient in operations and successful in hitting the companys mission and goals that have been set. The ideal campaigner for the internal accountant position will pose an exceptional knowledge base of the companys industry operations and goals. This candidate will have admission 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 tools to correct issues as they surf ace. Specific qualifications and requirements need to play a major role in the hiring process of the internal accountant. These items would include the proper amount of education and experience, to include the required licensing to conduct the appropriate job functions legally. Experience will play a primary role when it comes to written reports and timely problem solving techniques for the current out-of-control system.The client advantage to hiring a candidate with a certain 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 accountan t 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 Corporation http//www.fdic.gov/regulations/laws/rules/5000-3250.html