Internal Controls and Corporate Governance
You have met with a potential client, who informs you that all the employees and officers of his company are bonded. For this reason, he is requesting that under these conditions that you not look at his company’s system of internal control so his company may reduce the cost of an audit.
Prepare a letter to the potential client explaining the following:
- Why you can or cannot honor his request.
- The reasoning for your decision.
- The potential ramifications of your decision.
- Based on your choice of action, what the perceived corporate governance of the company would be to the public. ORIGINAL WORK
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I’m afraid that I will have to decline your request despite having your personnel bonded with the officers. This is because it is impossible to ignore the internal controls present in your firm. They are essential in ensuring that the undertakings in the company are efficient and are assigned to the suitable individuals. They are also accountable for the protection of the firm’s…
(508 Words)