Financial Position - Justifications - Financial Control - Audit Committee - Finance Assignment Help

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Financial Position - Justifications - Financial Control - Audit Committee - Finance Assignment Help 


The ABC company audit memorandum must ask the specific management for the two occurrences where the possibility of fraud from the management. Besides, for future fraud, the audit memorandum should ask some necessary steps taken from the internal control such as:
 - Use the system were to ensure only one person has no control over the financial transitions: If the financial control has one person the person can manipulate the transactions. There should be a committee for financial control.
-  Reunite bank accounts every month: People who do not have bookkeeping responsibility and not related to financial activate the audit committee recommend to give responsibility every month to reunite the bank account.

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