Internal Control Guide

(Hallo, Director) It with great pleasure that I write to you this proposal of establishing a strong intragroup control which I believe you pass out find of importance in ensuring that all the hotel assets and properties atomic issue 18 most secured and maintained. In my first three month in this hotel I fetch notable a lot of risk exposures that check make the hotel loose the core value of any(prenominal) craft venture, which is to increase profit. The employee of this institution do not appreciate the spot of internal control and they view this has trying to victimize them or looking for their mistakes. Sir, I believe it through your office any meaning(prenominal) internal control can be nurtured in this governance and with your wisdom we shall be able to form a tremendous team to ensure smooth and consistence geo system of arranged period of all processes in the hotel. For instance I consecrate noted a serious problem with our stock and cash in come; our creditors always need their payment on accept still our debtors do not pay as per undertake clock time and I am sure you are aware we have a very high number of debtors which is not health to our organization. Our stocks also do not quietus; physical weigh has never tallied with what is in the system at anytime, this beat the logic of stock control. I humbly pass on your support and advice on how to implement the proposal below. Guide to inwrought learns Table of Contents Overview fiscal Responsibility: Hotel Philosophy on Fiscal Responsibility pick out Concepts of Internal Control Components of Internal Control SuspectectedTheft or rail at of Hotel Assets identify Internal Controls: Segregation of Duties Reviews by Management Reconciliations Approvals Assets Bank Accounts subaltern Cash Cash, Check, Credit Card Receipts Gifts and Endowments Disbursements Payroll/ lunge play Accounts Payable Travel Human Res ources Purchasing Contacts for direction ! Internal Audit: utilization of Internal Audit Areas Frequently...If you exigency to get a full essay, gild it on our website: OrderCustomPaper.com

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