RUNNING HEAD: Steps a business should take to guard against an audit.
Steps a Business Should Take to Guard Against an Audit.
Cheryl M Cassagne
College Composition II CM225-15
Kaplan University Undergraduate School of Business and Management
Professor Kelley Gordon
July 6, 2010
July 6, 2010
To: Carmen Perez, Senior Financial Analyst
From: Cheryl Cassagne, Operations Specialist CC
Date: July 6, 2010
Subject: Steps a Business Should Take to Guard Against an Audit
Enclosed is the report we have been discussing referring to audits. I am pleased to present to you the Steps a Business Should Take to Guard against an Audit report. This report contains information pertaining to the procedures that will prepare an organization for auditing and out of compliance materials.
This report is analyzed according to three categories: (1) the accountability an audit can give a company, (2) having on demand documentation on premises, (3) internal auditing being cost efficient versus external audits. This report also explains how audits can damage the business’s reputation if not completed correctly.
It is with anticipation that this report will provide the controllers and accountants with the necessary information needed to review the efficiency of the first year using internal auditors. Please feel me know if you have any questions about this report or if you need further information. I may be reached at 973-482-9396 and by email firstname.lastname@example.org.
cc: Joe Bellanca
Enclosures: Senior Financial Analysts
Conducting an audit is known to be nerve wracking in many companies. The moment they receive confirmation that they will be audited, the managers become concerned. Why does a business become apprehensive? What steps should a business take? Although there are various protocols and procedures a business should follow for an audit, I feel that internal auditing is the best choice to execute. We should use internal...