Essay on Description Of Zen Chen Company Ltd.

Essay on Description Of Zen Chen Company Ltd.

Length: 883 words (2.5 double-spaced pages)

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Task 1
1.1.1: - Methods
• Accounting records and prepares and maintains compliance with the standard used in the appropriate accounts.
• Take control of all collected and given to see that all transactions by double-double-entry book.
• Checks and balances in the control is sufficient to ensure that the data cross-referenced.
• Every month we have to pay to have all fees and bank reconciliation. This will give you enough time to focus on the banking supervision
• The development of an organizational culture of work and honesty in the workplace. Then, with a complete and meaningful audit services offered to support the independent auditors may be provincial
• To get suitable results to raise a profitable and society at work spot.
• Check all the bank cheques cross watchful that are issued consistently by the company.

1.1.2 How methods implemented?
Methods Pifco-Zen Chen Company Ltd. assistant should remove the irregularities of business records. Should be used in addition to the CEO of the company. The upper, middle and lower management and all employees are many types of accounts should be examined together. There are legal ownership of all records and approve the updated cross-checked by an external auditor. He need to deal with all staff together for example, top, centre administration and lower to be included in numerous types of bookkeeping records.
1.2 Identifying irregularities and errors
• No delivery commitment to the long haul of $ 9,000,000.
• The $ 55 million is no contradiction there is a volatile place, $ 65million.
• There are 10 boundless checks worth $ 3 million.
• The reflected as $ 85 million rather than 75 million is bank overdraft paid by the organization
• $ 7million has been accounted ...

... middle of paper ...

...y for a long time the trust of the three executives.
 Every year the income Increased by 10% demonstrates the quality of the association.
 Inside and outer inspectors.
 Untalented.
 Incorrect bookkeeping measures and evaluating
 Inaccurate record continuing evading numerous lapses
 Lack of control of inside clarity because of poor data
 The organization president depended excessively vigorously on the expert judgment and genuineness of the three overseers.

In the end I would like to propose that there must to be secure estimate, as it assumes vital part for the achievement of the organization. The examination is performed from a firm solid, effective, accomplished and qualified review. Need to change supervisors for the organization to get new plans for new workers. Enhancing association’s society by taking and giving feedback.

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